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#QUICKBOOKS DOWNLOAD CREDIT CARD CHARGES HOW TO#

Here you will find and select the sales that make up the deposit total.

Back to the “ +” menu, under Other, select Bank Deposits.

Make sure you select that the payment is Deposited to “ Undeposited Funds“.

Then, back on the main page, go back to the “ +“.and under Customers, select Receive Payment to enter the amount the customer actually paid you, which should be the invoice total.

If you created a Sales Receipt, skip to step 3, because the Sales Receipt acts like a Receive Payment transaction.

Under Customers, select Invoice (if delayed payment) or Sales Receipt (if instant payment) and create a new sale entering all the valid data (Customer Name, date, item, taxes, etc) & save.

Use the “ +” drop down menu in the top center of the Web Page: Sales Process for QuickBooks Online + Merchant Processing Fees + Bank Transaction Matching

#QUICKBOOKS DOWNLOAD CREDIT CARD CHARGES HOW TO#

If you use PayPal, Etsy or a Credit Card Processor, you have to know how to account for the fees they take out and this shows you how. Since the Sales Process is more involved, here is a step by step tutorial that also includes what to do with those merchant processing fees that are taken out before the money is deposited into your bank. In QuickBooks online, when you make a sale to a customer or buy something from a vendor, use this procedure to record the transaction and the money in your bank. One of the reasons I favor Xero over QuickBooks Online is that Xero completes this transaction and bank reconciliation process in two simple steps.

Just pin this image or bookmark this post, and you never have to wonder what to do again (until they rearrange something, but most likely the process will stay the same )

I’ve created this handy dandy little infographic and included a few tips to make your life easier. How to record a deposit with Credit Card fees in QB Online Do you use QuickBooks Online? Do you wonder what in the world to do? Where to start, what steps to take and what process to do? You’re not alone it’s not intuitive or self explanatory at all.