I understand you're seeking assistance with accessing and paying off your "Get paid upfront" accounts, @tin-man. I'm here to help you with that.
Before interest starts to accrue, you have a 30-day window from the disbursement date (the day the advance was issued) to pay the full invoice amount.
During the initial 30-day period, if your customer pays their invoice using QuickBooks Payments, the payment will be automatically allocated to your Get Paid Upfront balance. This means that there will be no payment processing fees for these customer payments.
In the event that you are unable to repay the entire financed invoice amount within the initial 30-day period, you have the option to utilize autopay for loan repayment. With autopay, a predetermined monthly repayment amount will be automatically deducted from the same business bank account where your upfront advance was deposited, ensuring a convenient and hassle-free repayment process.
You can also make manual payments. To do this, you can follow the steps below:
- Sign in to your QuickBooks account.
- Go to Invoices.
- Select Get Paid Upfront. You can view, manage, and repay your upfront advances.
For more insights, you may check out this article: See Get Paid Upfront in action.
Additonally, to guide you how to enter the QuickBooks Capital Get Paid Upfront (GPU) loan correctly and how to enter deposits in QBO, please check out this resource: Record a Get Paid Upfront loan in QuickBooks Online.
If you encounter any difficulties while making a payment or have any questions about the process, please feel free to reach out to me. I'm here to assist you and ensure a smooth payment experience.
