In chapter 12 three major types of "other" accounts in QuickBooks are covered. Fixed Asset accounts are complex because of the was QuickBooks handles "Accumulated Depreciation". Long Term Liabilities introduces a loan repayment module. While both these topics are very important one of the more confusing one deals with credit cards. QuickBooks allows to create credit card reconciliation which is very much like a bank reconciliation in chapter 8. Hypothetically every credit card transaction should be accompanied by the receipt of the transaction. Those receipts are normally entered on a daily basis into QuickBooks and charge to the appropriate expense accounts. In practice, however, receiving daily credit card receipts is problematic and most small companies will batch them together and enter them in at the end of each month. Once they have been entered in they need to be reconciled with a credit card statement at the end of the month and this made it much easier in QuickBooks.

After you have completedALL of the activities and practices in chapter 12, follow the instructions in the following link on creating "Credit Card Reconciliation Summary Report" and save it as a pdf file:Link to instructions.on how to create the report and submit it for credit.