Quickbooks Pro 2012 on Cash Basis
Posted on 2012-03-10
We run our business on a cash basis. We are confused how to show in the register a credit card payment when we they just draft our account and there is no check involved.
With QuickBooks it looks like we have to have a credit card liability account. Doing it that way won't work for us.
So, how do we reflect our credit card payments and tax payments that both use Electronic Funds Transfer. Also, if you know any place I can read more about QuickBooks on a cash basis that would be helpful.