If you are using a credit card account to record expenses paid with a line of credit or charged with a credit card, be sure to include your credit card account(s) in the reports that you use to generate tax-related reports and P&L statements. When generating any of these reports, Click the Customize button either before creating the report or after the report has been created to open the CUSTOMIZE REPORT window. Click the Accounts tab and select the credit card account(s), along with the other accounts, to be included in the report.
Debit cards and ATM cards are not credit cards, even though they often carry the name of a major credit card company. When you make a purchase with a debit card, the money is withdrawn from your bank account as if you had written a check. It is different from a credit card in that it is not a loan or advance, but a deduction from your checking account. In Quicken, you record debit card transactions in a bank account register associated with that debit card, not in a credit card account. ATM cards are used to withdraw cash from a checking or savings account. Like the debit card, ATM transactions are recorded directly in the account associated with the ATM card.