If you accrue interest on your credit card account, you must record it in your QuickBooks file to keep your records accurate. These types of expenses go into an interest expense account. This account is helpful to let you know the interest expenses you are paying on your accounts from month to month. You can usually avoid these interest expenses by paying your credit card in full each month. Most standard Chart of Accounts in QuickBooks already include an interest expense account. If not, you can add the account using the “Add New Account” dialog box. Warnings Writer Bio
