I own a salon/spa, and we rent out space to other people to do business under their own names. They pay us weekly, and just recently, one of them wanted to start paying via automatic ACH/EFT transfer. This way they don't have to write out a check, and we don't have to deposit a check. For Quickbooks Desktop, I'm not seeing the ability to receive recurring payments from customers, except with Credit Cards. Does anyone know how to do recurring payments for ACH/EFT?
Thanks for allowing QuickBooks to serve you with your accounting needs. I'd be happy to help share some information about process payments through ACH in QuickBooks Desktop.
Currently, being able to process recurring ACH payments in QuickBooks Desktop is not an option for us. However, you'll have the option to process a recurring sales receipt and have your customers hit the Pay Now button and select ACH as a mode payment. To do that, you'll need to sign up for QuickBooks Payments and then be able to receive ACH payments from customers.
Here are some good references that you can check out about the funding time for QuickBooks Payments: