QuickBooks Online: Credit Cards in Business

Business owners love credit cards to manage finances, but they are risky to use as a funding source.

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Description

Business owners know that credit cards can be a great way to manage cash flow & increase their financial flexibility. However, they can also come with considerable risk.

To ensure that you are getting the most out of your credit cards while minimizing risk, it's important to properly manage them inside of QuickBooks Online.

In this course, we'll cover how to do just that - from adding credit cards to your Chart of Accounts & Banking Feed to setting up corporate credit cards with sub-cards for employees. We'll also look at tools to help you easily pay for goods, services and labor, as well as alternative ways to pay such as Venmo, PayPal, Zelle & QuickBooks Payments.

Finally, we'll investigate new Fintech solutions including Divvy & Relay to further expand your business's spending power.

So don't miss out - learn the ins & outs of credit card management with QuickBooks Online, and discover the modern solutions that could help you save time, money, & frustration.

In this Quickbooks training session you’ll learn about:

  • Separating personal and business expenses

  • The differences between liability funding and payment processors

  • Adding credit cards to your Chart of Accounts and Banking Feed

  • Entering expenses from the Banking Feed

  • Purchasing products and subcontracted labor

  • Methods of paying credit card balances in QBO

  • Managing corporate credit card accounts with multiple cards for employees

  • Using Venmo, PayPal, Zelle, and QuickBooks Payments to pay others

  • New Fintech spending solutions including Divvy and Relay


After completing this course, you will be able to:

Differentiate between the benefits and drawbacks of using credit cards as a funding source

  • Recognize how to set up credit cards in QuickBooks Online

  • Recognize the options for managing credit cards in QBO

  • Identify alternatives to traditional credit cards

  • Recall the steps to reconcile corporate credit cards

What You Will Learn!

  • Separating personal and business expenses
  • The differences between liability funding and payment processors
  • Adding credit cards to your Chart of Accounts and Banking Feed
  • Entering expenses from the Banking Feed
  • Purchasing products and subcontracted labor
  • Methods of paying credit card balances in QBO
  • Managing corporate credit card accounts with multiple cards for employees
  • Using Venmo, PayPal, Zelle, and QuickBooks® Payments to pay others
  • New Fintech spending solutions including Divvy and Relay

Who Should Attend!

  • Anyone who uses credit cards to pay for business expenses
  • Companies who use financial technology (“Fintech”) funding sources
  • Bookkeepers and Accountants who wish to brush up on their skills