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avoid this pitfall when you enter credit card payments in quickbooks hey everyone my name is matt holdquist i am with the quickbooks university and i see this error done more often than not and so i want to alert you to it so you dont do it in your quickbooks okay so your business has a credit card and you get statements whether theyre electronic or in the mail and or you make payments on the card during the month before you get a statement and you need to know how to enter the credit card payment in quickbooks all right so heres what a lot of people do is they will not go to enter bills or they will not go to reconcile their credit card what they will do is they will simply go either to banking and write checks and they will enter the payment lets say that we choose quickbooks mastercard and were going to pay 500 bucks its a check theres no check number its electronic so well put eft in there and then they get down here and they say okay account what what account do i put th
