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HOW TO TRACK YOUR CREDIT CARD LIABILITIES IN Intuit QUICKBOOKS Desktop and Online Version, Intuit Quickbooks support TOLL-FREE # 1800-875-9516

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HOW TO TRACK YOUR CREDIT CARD LIABILITIES IN Intuit QUICKBOOKS  Intuit Quickbooks support TOLL-FREE # 1800-875-9516 For any assistance, query or help call on       Intuit Quickbooks support    TOLLFREE   #  1800-875-9516 We often get asked how to track credit card spending in QuickBooks and are amazed at how many ways this is currently being done. Enter as one bill – if you enter as one bill or even a check all the charges throughout the month are only dated the date of the bill or the check. This makes running financial statements a challenge because you may have incurred a charge in one month and are recording it in the following month, which will not give you an accurate picture of the expenses of that month. For inventory tracking, it’s very important to add inventory using the date you purchased it so that the average cost is accurate. What if you sold your inventory in one month and received your credit card statement in another? Then you are getting in a situation w