Using Quickbooks without a dedicated bank Account or Credit Card?

Looking for a way to track expenses/receipts for commissions? I currently do not have a specific credit card nor bank account to link to Quickbooks. I can't post expenses without a linked account to post it to. I'll become more sophisticated, but right now I want a simple way to post and this does not seem to be it, any Suggestions?

Answer

Glad to have you here in the Community, danno

This time, there isn’t an option to track your expenses and receipts for commissions without credit card or bank accounts.

Bank and credit card accounts are Balance Sheet accounts which represent the health of your business. Each balance sheet account has its own register. These are needed to track the transactions involving the accounts and their own balances. These accounts also appear on your Balance Sheet report, which is one of the main financial reports.

I’d suggest getting a bank or credit card account so you’ll be able to add them in the program. Here’s how to add an account:

  1. Go to the Lists menu at the top.
  2. Select Chart of Accounts.
  3. At the bottom, select Account drop-down then choose New.
  4. Select the Account Type, then choose Continue.
  5. Enter the name and an optional account number.
  6. Add an Opening Balance, if applicable.
  7. Select Save & Close.

For more details, see this helpful article: Understand QuickBooks Chart of Accounts.

Once added, you’ll be able to create expenses or receipts by writing checks. For more detailed steps, here’s an article you can check out: Create, Modify, and Print Checks. You can also visit this article to learn more about Accounts Payable (A/P) workflows in QuickBooks Desktop: https://community.intuit.com/articles/1764924.

This will get you going, danno. You’re always welcome to leave a comment below if you have follow-up concerns. I’ll be around to help. Have a wonderful day ahead!

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IntuitRaymondJay , Community Support Specialist
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