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Level 1

How do I record the quickbooks verify bank withdrawal and refund?

 
4 Comments
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Level 9

How do I record the quickbooks verify bank withdrawal and refund?

This is a Net Zero transaction because as they debit and credit the same amount. You can put the debit and credit to an expense account of your choosing such as bank or merchant processing fees.

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Level 1

How do I record the quickbooks verify bank withdrawal and refund?

Thank you

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Level 1

How do I record the quickbooks verify bank withdrawal and refund?

I am trying to verify payroll account. They sent the amount to my bank account that went through today however when I go to verify it there is nowhere to verify. 

 

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Moderator

How do I record the quickbooks verify bank withdrawal and refund?

Not to worry, Lisa F.  I'm here to make sure you can verify the amount so you can start using the payroll service in QuickBooks Online.

 

QBO offers two ways for verifying the test transaction. You can either verify it via the Workers/Payroll tab or though the Payroll Settings. I'll show you how to accomplish the task.

 

To confirm the test transaction via the Payroll tab:

 

  1. From the left navigation panel, select the Payroll tab.
  2. Choose Employees.
  3. Click Finish payroll tasks on the main Employee's page.
  4. Click Verify the test deposit now.
  5. Enter the test deposit amount in both boxes.
  6. Click OK.

If you haven't seen the New payroll tasks button, you can follow these steps to verify the test transaction:

 

  1. From the Settings icon, select Payroll Settings.
  2. Choose Company under Bank Accounts.
  3. Select Verify Account, and then enter and confirm the amount.

These steps are sure to help you verify payroll account in no time!

 

For more details, check out our detailed guide on how to verify test transaction.

 

Please feel free to get in touch with me here for any additional questions. I'll be around to help you out.

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