Better Business Reporting – Accrual Accounting – The date of each transaction is the date of the credit card was charged.
Transaction Search Is Easier – Searching for a particular purchase becomes easier when the Vendor’s name and not the Credit Card company’s name is on the transaction.
This is recommended when it is not necessary to have an actual vendor name on the transaction. To keep from creating too many expense accounts, create a few general expense accounts by setting up rules or aliases within the bank feed such as Restaurant, Parking, Gas, Hotel, and Phone.
Keep Expense Accounts Manageable – Every transaction entered will be categorized under different expense accounts.
Under preferences in QuickBooks®, there is a feature, if turned on, will “automatically recall the last transaction from that vendor.” Over time, QuickBooks® will recall repeat transactions. Downloading transactions from American Express via a bank feed saves time and keeps your account up to date.
Saves Time – Entering credit card transactions manually is time-consuming and detailed oriented.
WHAT ARE THE BENEFITS OF DOWNLOADING AMERICAN EXPRESS TRANSACTIONS INTO QUICKBOOKS®? IF YOU WOULD LIKE TO HAVE AN EXPERT WHO CAN HELP YOU WALK THROUGH THE STEPS AND MAKE THIS PROCESS A SUCCESS THE FIRST TIME, CALL 80 AND ASK ABOUT OUR SUPPORT PLANS. We will take you through the steps so that you can download your transactions quickly and easily. We will define some banking terms you may have heard, but not fully understood. We will explain the benefits to you so that you understand that it would be a good investment of your time. Are you using QuickBooks®? Are you or someone in your office manually entering transactions? You will see the cash coming in and the cash going out and make good business decisions. They should be entered into your accounting system and be reconciled on a monthly basis. Whether through a bank account or credit card account, or both. Part of doing business is to handle the many transactions that occur daily. Let’s save you time by showing you how to download your American Express credit card transactions into QuickBooks®.
0 kommentar(er)
