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.
- Go to Accounting from the left menu.
- Click the Chart of Accounts.
- Click New.
- Fill in the information needed.
- 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.
