Your ad here - Click here for details
How do I record a credit card charge
Search:

Home | Business | Small Business

 
 

How do I record a credit card charge

By: Steve Nelson

To record credit card charges using Money, pick the credit card account you used and then describe the charge in detail, including the payee, the check date, and the amount.

To record charges, take the following steps:

1. Display the appropriate account register.
To display the register for the credit card account you used for the charge, click the account name listed in the Favorite Accounts area of the Money home page. If you don’t see the account listed, click the Accounts & Bills link and then select Account List to display a list of all your Money accounts. Then click the account you want.

2. Indicate that you want to record a charge.
To tell Money to record a charge, first click the Charge tab in the transaction entry area beneath the account register. Then click the New button. Money opens up input boxes, or fields, in the transaction entry area that you use to record information about the charge.

3. (Optional) Provide the charge number.
If you have a number that uniquely identifies the charge, enter this information in the Number box.

4. Provide the charge date.
Select the Date box by either pressing the Tab key or clicking the mouse and then entering the charge date. Type a date using the regular date format, or click the box’s button to display a pop-up calendar that you can use to select the date. To use the pop-up calendar, click the day you want to enter. Although the calendar displays only one month’s worth of dates, click the arrows that appear on either side of the month name to move to the previous or upcoming month.

NOTE Money also provides several codes that you can use to enter dates once the Date box is selected. Type the letter t to tell Money to enter today’s date in the Date field. Type m to enter the first day or h to enter the last day in the current month in the Date box. Type y to enter the first day of the year or r to enter the last day of the year in the Date box. Notice that t is the first letter in the word today, that m and h are the first and last letters in the word month, and that y and r are the first and last letters in the word year. This bit of trivia should help you remember these codes.

5. Identify the merchant or business you are paying.
Press the Tab key or click the mouse to select the Pay To box. Then enter the name of the person or business you are paying. Money keeps a list of all the people or businesses to whom you have previously written checks or with whom you’ve charged money on a credit card. To select a name from this list, click the Pay To box’s button so that Money displays a list of past payees. Then select a name from the list by clicking.

6. Record the charge amount.
Press the Tab key or click the mouse to select the Amount box. Then enter the charge amount. Or click the Amount box’s button to display a pop-up calculator you can use to calculate the charge amount.

7. Categorize the charge.
To categorize the charge, press the Tab key or click the mouse to select the
Category box. Next, click the Category box’s button so that Money displays a list of categories you can use to describe the reason for your charge. Then click the category you want. You can also record a subcategory for the charge. To do this, press the Tab key or click the mouse to select the Subcategory box. Next, click this box’s button so that Money again displays a list—this time a list of subcategories. Then click the subcategory
you want to select.

NOTE The Subcategory box appears just to the right of the Category box.

8. (Optional) Record a memo description.
You don’t need to record a memo description for credit card charges, but Money provides space for you to include additional information about a charge. If you want to collect this information—and it’s not a bad idea—press the Tab key or click the mouse to select the Memo box. Then enter any additional information you want to store in the field.

9. Record the charge.
After you have correctly described the charge, click the Enter button. This tells
Money to record the charge in the register. As soon as Money records the charg in your register, it also updates the account b

Article Source: http://articlenexus.com

Stephen Nelson is the author of do it yourself kits for Incorporating in Arizona, Arizona S corporation, and Arizona limited liability company.

Please Rate this Article

 

Not yet Rated

Click the XML Icon Above to Receive Small Business Articles Via RSS!
Additional Articles From - Home | Business | Small Business
Sign Up for a free account
Submit Articles
Member Login
Top Authors
Most Popular Articles
Submission Guidelines
Ezine Notifications
Article RSS Feeds
(Your 160x160 ad here)
Only $50 a month-click here
Everything you need for your website and home business.
Adsense Site Builder
Adsense Analyzer Software
Clip Art
Domain Names
Header Graphics
Internet Business Info
Photo Art
SEO Software
Web Hosting $4.95/mo
Website Templates
Web Site Promotion Tools

AdvancedWebsiteTools.com

Link Exchange
Blog by WordPress
Privacy Policy
Terms of Service
About Us
Contact Us
Banner Advertisements
Business Reporter
Have you Victimized by a Business or the Government? File your consumer complaints or business complaints at BusinessReporter.net!
Structured Settlement?
Free information to help you learn more about structured settlements, your rights, and how to select the best company for you.
Affordable Discount Dental Plans
Choose from over 30 top-quality national and regional discount dental plans. Save 10% to 60% on most dental procedures
hair loss remedies Hair Loss Remedies
Remove Bad Credit
Legally Erase Bad Credit and Improve Your Credit Rating
with Self Help Credit Repair
Do It Yourself Credit Repair

Free Diabetic Supplies
Antique Radios | Ham Radios

Powered by Article Dashboard