Introduction

We’ll delve into best practices about using credit cards for you own purchases, and explore the ins and outs of taking credit cards for your customer payments.

Class Description

We’ll delve into using credit cards for you own purchases, and taking credit cards for your customer payments. These days, anyone can take credit cards; your customers will pay more quickly! We’ll explore merchant services options including Square, PayPal, and QuickBooks® Payments. We’ll demonstrate how to swipe a credit card on a smartphone, then see how to manage the transaction in your accounting software. We’ll also look at the nuances of managing your own credit card expenses.

Instructional Level

Beginner through Advanced 

Course Length

1.5 hours 

Course Credits

2 CPE, Certificate of Completion

Who should take this class?

  • Anyone who uses credit cards to pay for business expenses
  • Anyone who would like to be able to accept credit cards for customer payments
  • Bookkeepers and Accountants who wish to brush up on their skills.

What You’ll Learn 

  • Adding credit cards to your Chart of Accounts 
  • Separating personal and business expenses
  • Managing corporate credit card accounts with multiple cards for employees
  • Accepting expenses from the credit card bank feed
  • The differences between Square, PayPal, and QuickBooks® Payments
  • How to swipe a credit card on your smartphone
  • How Payments are processed in QuickBooks®
  • Managing credit card batches
  • Sending invoices that allow clients to pay online.
  • Automating monthly payments so that you don't have to lift a finger!

Here is the course outline:

1. Download the Handout

Download the handout that goes with the course.

Download the handout here

2. Merchant Services - Taking Credit Cards

If you use QBO, take credit cards with QB Payments. The rates are competitive with Square and PayPal. Your clients can pay their invoices online. You can run recurring payments automatically. QuickBooks will even batch deposit payments so that you don’t have do the work.

All About QB Payments
Quiz: Taking Credit Cards Completion requirement

3. Paying with Credit Cards

Learn to manage your credit card transactions in QuickBooks.

Using Credit Cards for Expenses
Quiz: Managing Credit Card Expenses Completion requirement

4. QB Payments and New Deposit Tab.

QB Payments and New Deposit Tab.

Watch the Video

Completion

The following certificates are awarded when the course is completed:

Royalwise Credit Certificate