Overview
Got expenses on your credit card? Add it to DoorLoop. Track every dollar—repairs, utilities, insurance, you name it—by property, automatically.
The Steps
To add a credit card account to DoorLoop to track expenses, click Accounting > Chart of Accounts on the main menu..
On the Chart of Accounts page, click the + New Account button in the upper-right corner.
On the New Account window under the Account Info section, enter the following information:
Type - Liability -> Credit Card
Account Name - You can enter the name of the card and the last four digits
Description - (optional) Describe the credit card account
Click Save.
(Optional) If you want to set an Opening Balance for the credit card that isn’t $0, head back to the Chart of Accounts and look for the line with your credit card on it. Click the 3 dots at the end and then click Edit.
On the Edit Account window, click on the Opening Balance tab. Then enter the following information:
Accounting Start Date - Enter the start date from when you want to begin entering new transactions for this account
Account Balance - Enter your account balance as of the starting date.
Property - Add the properties that have balances associated with this card
Balance - Add how much the property's balance is for the card (Learn why opening balances have to be associated with properties.)
Click Save when you’re done.
Create one-time or recurring expenses in seconds. More visibility, fewer surprises. It’s just one more way DoorLoop helps you manage faster.
Next Steps
Disclaimer
The information provided is not offered by a licensed accountant, should not be considered accounting, financial, or legal advice, and is provided (and intended) for general informational purposes only. Do not rely on the information provided; rather, please verify applicable accounting laws and regulations independently. This information should not be considered a substitute for professional advice and does not offer Generally Accepted Accounting Principles (GAAP). The author and publisher are not liable for any damages or losses resulting from reliance on this information.