QuickBooks for Mac 2014 User’s Guide 21
• If you entered a balance for your credit card account as of your start date, the first check should pay off that
balance. In the Account field of the check, enter the name of the credit card account.
• For checks written to cover credit card charges made between your start date and today, split the amount of the
payment among the various expense accounts it covers.
• If you don’t record individual credit card charges using the Enter Credit Card Charges window, you won’t have
detailed records of charges.
If you don’t pay your balance in full each month, or if you know of charges that have not yet appeared on your
statement, choose Banking > Enter Credit Card Charges and enter individual charges.
When you write a check to cover charges already entered in your credit card account (or for the opening balance of
that account), enter the credit card account in the Account field of the check. Don’t enter the expense accounts,
because you’re already tracking expenses in the Enter Credit Card Charges window.
You can enter interest and other fees directly in the credit card account register.
Reconciling your bank account
Using QuickBooks, you can reconcile your bank accounts to track which checks have cleared your bank. After
you’ve entered your bank transactions, it’s a good idea to reconcile your QuickBooks register with each statement,
one at a time, from the first statement after your start date to your last statement. Then you’ll know that
QuickBooks and your bank are in agreement.
Where to go from here
So that’s it for getting your historical transactions into QuickBooks! Whew. You did good. Now go do something
nice for yourself. You deserve it.
!
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