I want to officially welcome you to the Community space, @studio429.
Yes, you're right. You'll have to wait for the money to arrive in your account and manually enter the fees. This way, you can keep and record the transactions up to date.
Also, the deposit speed will depend on the payment method when you process payments online.
Generally, the credit card payment deposits take 1-2 business days. While the bank transfer (ACH) payment deposits can take 2-7 business days.
If you're a new user, we'll deposit your first set of payments within 5 business days. Once we set up your account, we'll usually deposit customer payments much faster.
You can log in to your Merchant account to see a complete record of your payment activity. Let me guide you how:
- Sign in to https://merchantcenter.intuit.com.
- From the homepage, select Activities & Reports and then Deposits.
- Select the date range in the Dates field.
- Click Search.
There'll be a Withheld or Batch Deposit Returned status for any issues with the customer payment. Just go to the drop-down arrow under the Fee column to review the details.
However, if you haven't received the funds in the allotted time, I'd recommend getting in touch with our QuickBooks Payments Support so they can help check the status of your deposits.
Once your payments are downloaded into your QuickBooks Self-Employed (QBSE) account, all you have to do is categorize them. To learn more about it, you can check out this article: Categorize transactions in QuickBooks Self-Employed.
I'm adding these handy articles for more details:
Stay in touch if you have any other questions. I'll be happy to help you out. Wishing you and your business continued success.
