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SB1790
Level 1

I'm receiving payments for invoices via credit credit which is then deposited in a lump sum every week.

I am receiving credit card payments for some invoices using a credit card which I process thru a credit card processing company.  I am also using this processing company for sales of items.  Every week I receive a deposit from the credit card company with everything lumped together.  How do I account for the invoices paid and the sales separately in QuickBooks?

1 Comment
GraceC
QuickBooks Team

I'm receiving payments for invoices via credit credit which is then deposited in a lump sum every week.

Hello there, @SB1790.

Thank you for posting here in the Community. Allow me to provide a few information about this.

 

You can create a bank account to have all payments from the processing company deposited. Let me guide you on how to do it.

  1. Go to Accounting from the left menu.
  2. Click the Chart of Accounts.
  3. Click New.
  4. Fill in the information needed.
  5. Select Save and close once finished.

Once done, let's make a bank transfer every week. You can refer to this link for more information about the bank transfer feature in QuickBooks: Transfer funds between accounts

 

In addition, here's an article you can read to learn more about undeposited funds in QuickBooks Online: What’s the Undeposited Funds Account?

 

Please let me know if you have any other questions about your QuickBooks. It'll be always my pleasure to help.

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