Quicken 2016 Mac Why Is There No Running Balance Showing For Credit Card

Recording transactions without a bank account I am a new business owner. I have 2 months of transactions prior to establishing business banking. I would like to record those transactions in quickbooks for tax purposes but I do not want to link them to any bank account. For example, while in training, I did not charge customers for nutrition visits but they did pay for their whole food supplements.

Organizes your bank, credit card, investment and retirement accounts in one place; Stay on top. Quicken For Mac 2016 Personal Finance & Budgeting Software [Old Version]. Check your budget, account balances, and investments. Geography: Quicken for Mac software and the Quicken mobile app are not designed to.

I deposited income for the purchase in my personal checking. Also, I purchased wholesale supplements using my personal checking. I do not want to add my personal checking account to my quicken business. However, I do need to record the transactions for record keeping purposes. I need to record income to me and vendor purchases to others.without linking a bank account. 'I would like to record those transactions in quickbooks for tax purposes but I do not want to link them to any bank account.' And yet, they obviously are Paid, somehow, using Funds, from somewhere.

'For example, while in training, I did not charge customers for nutrition visits but they did pay for their whole food supplements. I deposited income for the purchase in my personal checking.'

Then I recommend setting up one Bank account and name it Owner Funds or Cash On Hand. 'Also, I purchased wholesale supplements using my personal checking.' Checking, credit card, or cash; all you need is one Bank account to represent Owner Paid and Owner Kept revenue from sales. 'I do not want to add my personal checking account to my quicken business.' You never link a personal bank for business purposes, and you don't need to Link an account at all, even if it is a real bank account.

'However, I do need to record the transactions for record keeping purposes.' You did not mention the business Entity Type; if this is a corporation, then instead of Bank Type, use Credit Card Type, as 'liability' and name it Owed to Shareholder. Now use the data input tools for 'credit card Charges' to show you made these purchases on behalf of the business, and this creates the running balance to repay you.

In either case, you need to process Sales, and then 'deposit' either to Owner Bank, or against Credit Card account Balance. 'I need to record income to me and vendor purchases to others.without linking a bank account.' You don't need to link anything, ever. That is Optional. People come to QuickBooks Learn & Support for help and answers—we want to let them know that we're here to listen and share our knowledge.

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