We can see How to Enter Credit Card Cash Back Rewards in Quickbooks Desktop here, and the same technique may be used to record cash rewards online as well. There are three essential steps: set up an income account, get a cashback credit card, and track your cashback credit rewards. You could be perplexed as to how to create these records on both the desktop and the web. It's the identical procedure we used in QB to record the cashback benefits. The only difference is that we must follow the same procedure whether we are working on a desktop or online.
Create an Income Account in QuickBooks Desktop:
- First, launch QuickBooks and select "Accounting."
- Then select "Chart of Accounts" from the drop-down menu.
- Select "New Button" from the drop-down menu.
- In the "Account Type Field," choose "Income."
- Select a detail type.
- If you're not sure what to do, you can check your cash account.
- In the name section, type your selected account name.
- After that, save and exit.
In QuickBooks Desktop, create an income account by following these steps:
- To begin, open QuickBooks and choose "Accounting."
- Then, from the drop-down option, choose "Chart of Accounts."
- From the drop-down option, choose "New Button."
- Select "Income" from the "Account Type Field."
- Choose a type of detail.
- Check your bank account if you're not sure what to do.
- Fill in the name field with the name of the account you want to use.
- Save and exit after that.