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How to enter Credit Card Charges, Reconcile and apply Partial Payments in QuickBooks

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How to enter Credit Card Charges, Reconcile and apply Partial Payments in QuickBooks



Do you want to learn how to enter credit card charges into QuickBooks?

Or how to reconcile and apply partial payments?

In this video, I will walk you through each step. 😁

Learn how to Enter Credit Card Charges, Reconcile Your Credit Cards and Apply Payments inside QuickBooks.

➡️ Steps to Entering CC Charges, Reconciling, & Applying Partial Payments:

➡️ Setting Up New Credit Card
Go up to “Lists”
“Chart of Accounts”
Go down to “Account”
“New”
Choose “Credit Card”
Click “Continue”
“Account Name”
“Enter Opening Balance” **If you have a beginning balance
Click “Save & Close”

➡️ Entering Credit Card Charges
Go up to “Banking”
“Enter Credit Card Charges”
Select “Credit Card”
Choose “Purchase/Charge” or “Refund/Credit”
“Purchased From”
“Date”
“Ref No.”
“Amount”
“Memo”
“Expenses” Tab
“Account”
“Amount”
“Memo”
“Customer: Job”
“Class”
Click “Save & Close”

➡️ Reconciling
**Grab your Credit Card Statement

Choose “Account”
“Statement Date”
Check “Beginning Balance”
Enter “Ending Balance”
“Finance Charge”
“Date”
“Account”
“Class”
Click “Continue”
Checkmark the transactions to match the “Credit Card Statement”
“Difference” should always be Zero
Click “Reconcile”
“Make Payment” screen will show
Click “Cancel”
“Select Reconciliation Report” screen will show
Summary
Detail
Both
Click “Display”
Go up to “Print”
“Report”

**Hide transactions after the statement’s date end date – checkmark to hide all transactions after the for period date

**Click Modify if you need to adjust anything in your reconciliation

➡️ Entering Payments
**You can enter them in Write Checks or Check Register

Go to “Write Checks”
Select the “Bank Account”
“No.”
“Date”
“Pay to order of” (Credit Card is a Vendor)
“$” amount
Enter your breakdown under the “Expenses” Tab
Click “Save & Close”

**After entering in Write Checks, it will automatically show in the Check Register

Timestamps:

0:00 – Intro
0:03 – Where you’re Credit Card sit in QuickBooks?
0:50 – Add Credit Card
2:31 – Q&A
3:35 – How to Enter Credit Card Charges
5:34 – Reconcile credit card
7:32 – Remember 💡
9:05 – Outstanding balance
10:14 – Printing Report
10:43 – Adding Payments (Catching up)
13:25 – Payment shows in Check Register
13:54 – Checking Chart of Accounts
14:18 – Checking old transactions
15:11 – Summary
15:27 – Final Thoughts

Need to learn more areas of QuickBooks? Join us on our next workshop to learn how to design QuickBooks for your specific business…
➡️ https://CandusKampfer.com/workshop​

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Immigration

New UAE Visa on Arrival Policy for Indians

New UAE Visa on Arrival Policy for Indians

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Overview 

Recently, the United Arab Emirates created a new visa on arrival policy. It is highly regarded as a systematised version of entry for any kind of tourist and the visitor who comes from India as well. The purpose and intention of this was solely to boost tourism of UAE and make access even more easier for Indian people and nationals.

Important Points and Features of this Policy

The new policy provides a visa on arrival for 60 days with multiple entries for Indian passport holders. These are not pre-arranged visas, making it easier for Indians to travel.

Eligibility Criteria

To be eligible for a visa on arrival, an Indian traveller must meet all the following criteria:

  • Valid Passport: A passport valid for at least six months.
  • Return Ticket: There must be a confirmed return or onward ticket.
  • Adequate Funds: The government may request proof of adequate funds for the period of the stay.

Travel Planning

The new visa policy offers a lot more ease and friendly conditions, but the traveller needs to keep in mind the following:

COVID-19 Guidelines: The current health and safety regulations, including requirements for vaccination and testing, should be researched prior to travelling.

Travel Insurance: Travel insurance is also essential since it provides the much-needed leeway in the case of unexpected events that may surface.

Conclusion 

The new visa on arrival by the UAE for its Indian nationals is a pioneering step taken to encourage more relaxed travelling and tourism. This article is a continuation of Times Bull in as much as eligibility criteria as well as other travel information that are to be gained before visiting the country is concerned.

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Can those on a visiting visa renew their UAE Driving licence?

Can those on a visiting visa renew their UAE licence?

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Dubai: Many people have doubts about whether they can renew their UAE license after returning home after staying in Dubai for many years and after a while on a visiting visa. But Ashish Mehta, the founder and managing partner of Ashish Mehta and Associates, cleared the doubts in this regard. He answered this doubt of many people in Khaleej Times.

Your UAE driving license is issued by the Dubai Roads and Transport Authority when you reside in the UAE. But by law, the person must be a resident of the UAE to renew an expired UAE driving license of an expatriate above the age of 21.

Moreover, when applying for renewal of UAE driving license one must submit his original valid UAE Resident Identity Card, eye examination by an institution approved by the local authority and the relevant renewal fee to the RTA.

Also, if a person’s UAE driver’s license has not been renewed for more than ten years, he may be required to undergo a validation test to open a training file.

Along with this one has to pay application fee, handbook manual fee, RTA test fee, penalty for not renewing driving license on time, renewal fee and renewal fee to RTA for renewal of expired UAE driving license.

However, a non-resident cannot get a license. Application will not be accepted without UAE Resident Identity Card. Meanwhile, those who came on residence visa and not on visiting visa can apply.

For further clarifications on this matter, you may contact RTA

Courtesy: khaleej Times

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India

MyAadhaar: A User-Friendly Website For Aadhaar Services

MyAadhaar: A User-Friendly Website For Aadhaar Services

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myaadhaar-dxbdeal-online

The myAadhaar website is a one-stop shop for all your Aadhaar-related services. You can use the website to download your Aadhaar card, update your Aadhaar details, and order a PVC Aadhaar card. You can also use the website to find the nearest Aadhaar Seva Kendra and book an appointment.

The myAadhaar website is easy to use and navigate. The homepage has a clear and concise layout, and all the important links are easy to find. The website is also available in multiple languages, making it accessible to a wider range of users.

One of the best things about the myAadhaar website is that it is secure. All your personal information is encrypted and protected by a password. You can also use the website to generate a 16-digit Virtual ID (VID), which can be used in place of your Aadhaar number for online transactions.

Overall, the myAadhaar website is a user-friendly and secure platform for accessing your Aadhaar services. If you need to update your Aadhaar details, order a PVC Aadhaar card, or find the nearest Aadhaar Seva Kendra, the myAadhaar website is the best place to do it.

Here are some of the features of the myAadhaar website:

  • Download your Aadhaar card
  • Update your Aadhaar details
  • Order a PVC Aadhaar card
  • Find the nearest Aadhaar Seva Kendra
  • Book an appointment at an Aadhaar Seva Kendra
  • Generate a 16-digit Virtual ID (VID)
  • Validate the status of your Aadhaar
  • Submit feedback

Here are some of the benefits of using the myAadhaar website:

  • Easy to use and navigate
  • Available in multiple languages
  • Secure
  • Convenient
  • Saves time and effort

If you need to access your Aadhaar services, I recommend using the myAadhaar website. It is a user-friendly and secure platform that makes it easy to get the services you need.

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