ACH payments from clients where can I find specifics on 1 page?

R K · ‎July 22, 2024

RoseJillB · ‎July 23, 2024

I can provide answers to every question you have about Automated Clearing House (ACH) transactions in QuickBooks, @R K. That way, you can get a better understanding of how it works and make your business transaction easy.

First off, you're correct that ACH fees for invoices or quick requests have a 1% charge from the amount of the transaction. Moreover, for accounts that were created before September 6, 2023, a cap of $15 was implemented. After the said date, there'll be no cap for newly created accounts at all.

Second, QuickBooks ACH limits depend on the tenurity of the account. For new users, a limit of $49,999.99 is set in a 30-day rolling time. But worry less as you can always contact our Merchant Services Team to verify your processing limit as well as to request for transaction limit increase.

To address your third question, once you have signed up for QuickBooks Payments to accept online customer revenues, you can set it up directly to your invoices as your customer's payment method. Right after that, your customer will then have the choice to make payments online. For complete guidelines, please refer to Step 2: Set up your QuickBooks Online account so customers can make online payments and start processing this by hovering to Step 3: Process payments in QuickBooks Online in this article: Receive and process payments in QuickBooks Online with QuickBooks Payments.

Lastly, we're unable to provide a list of your vendors or customers that are on the ACH program. Rather, you will need to communicate with them if they accept or process ACH transactions on their end to take advantage of this scheme. So, regardless of whether they're subscribed to the same program, transaction fees still apply.

Moreover, you can always check these articles below for more information about funding time for QuickBooks Payments:

You can always have me to guide you or address your queries about QuickBooks transactions. I'm just a post away to help you. Have a good one!

View solution in original post

Sherrie_F · ‎July 22, 2024

It's my pleasure to assist you here in the Community space, @R K.

Firstly, we can navigate through the Reports tab in your QuickBooks Online Accountant (QBOA) account so that you can run a report such as the Transaction List by Customer. This way, you can filter the Columns by their Payment Method and Transaction Type.

For a step-by-step process, I'd be glad to show you how:

On the left navigational panel, look for the Reports tab.
In the Find report by name, search the Transaction List by Customer.
From there, click the Columns.
Under Reorder, tick the Payment Method.
In the upper left corner, click the Report period dropdown and choose All Dates to display the ACH payment option.

Furthermore, I've added an article you can browse in case you want to customize, change the layout, or filter specific data: Customize reports and create Custom Summary Reports in QuickBooks Online Accountant.

Additionally, let's memorize this report so you can save its current customization for your future needs: Memorize reports in QuickBooks Online.

I'll be here and willing to assist further with any additional queries you may have when handling payments from your clients in your QBOA account. Let me know in the comments below so I can back you up.

R K · ‎July 23, 2024

Good morning, This information on reports is helpful and I will use it in the future.

My original question must not have been clear. My client wants to set up ACH deposits. From what I have researched ACH payments & deposits enroll is via settings: Payments (correct?). Is there a specific place to find answers to these questions:

1. My client is currently receiving Wires and she would like to accept ACH deposits in order to eliminate the wire fees.

2. What would be the fee for ACH? I found that 1% is the fee. Is there a max? Their customers have very large invoices for architectural services. The range can be $100 to $60,000 - the fees would range from $1.00 top $600.00. Wire transfer fees are $15.00.

3. Is there a limit as to the ACH amount or a daily limit.

4. How does this work? Does my client OR customer generate the ACH from the customer invoice?

5. Where can I find a list of the vendors that participate in the ACH program? If both the vendor and the customers are in the program - does this cancel the fee?

If you could help me with this it would really save me some time. Going through every article takes a lot of my time. Yesterday, I reviewed 4 different articles.

Sincerely, Ruth [removed]

RoseJillB · ‎July 23, 2024

I can provide answers to every question you have about Automated Clearing House (ACH) transactions in QuickBooks, @R K. That way, you can get a better understanding of how it works and make your business transaction easy.

First off, you're correct that ACH fees for invoices or quick requests have a 1% charge from the amount of the transaction. Moreover, for accounts that were created before September 6, 2023, a cap of $15 was implemented. After the said date, there'll be no cap for newly created accounts at all.

Second, QuickBooks ACH limits depend on the tenurity of the account. For new users, a limit of $49,999.99 is set in a 30-day rolling time. But worry less as you can always contact our Merchant Services Team to verify your processing limit as well as to request for transaction limit increase.

To address your third question, once you have signed up for QuickBooks Payments to accept online customer revenues, you can set it up directly to your invoices as your customer's payment method. Right after that, your customer will then have the choice to make payments online. For complete guidelines, please refer to Step 2: Set up your QuickBooks Online account so customers can make online payments and start processing this by hovering to Step 3: Process payments in QuickBooks Online in this article: Receive and process payments in QuickBooks Online with QuickBooks Payments.

Lastly, we're unable to provide a list of your vendors or customers that are on the ACH program. Rather, you will need to communicate with them if they accept or process ACH transactions on their end to take advantage of this scheme. So, regardless of whether they're subscribed to the same program, transaction fees still apply.

Moreover, you can always check these articles below for more information about funding time for QuickBooks Payments:

You can always have me to guide you or address your queries about QuickBooks transactions. I'm just a post away to help you. Have a good one!

R K · ‎July 23, 2024

KUDOS - Perfect! This is exactly information I needed on one Page!!

Sherrie_F · ‎July 23, 2024

It's great to have you again in the Community forum, @R K.

I want to express my sincere gratitude for taking the time to return to this thread to show your appreciation for the help provided by my colleague. It means a lot to us.

Your positive response is highly appreciated. Rest assured that we'll remain committed to providing you with the best possible solution.

On top of that, I've added this article you can browse through just in case you want to void or refund payments so your accounting stays accurate: Void or refund customer payments in QuickBooks Online.

Once again, thank you for taking the time to show your appreciation. You can always count on us if you require further assistance with any QuickBooks-related tasks.

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ACH payments from clients where can I find specifics on 1 page?