the invoice payment first in QuickBooks Online (QBO). Once done, deposit the invoice payment in the Bank Deposit page. Then, add a line item for Merchant fees (negative amount) and tips (positive amount) in the Add funds to this deposit table (as shown in the screenshot below).
Click the Plus icon (+) on the Toolbar.
Under Other, select Bank Deposit.
In the Choose an account field, select the bank account to which to deposit funds.
Place a check mark on the invoice transaction to deposit in the Select the payments included in this deposit or QuickBooks Payments sections.
In the Add funds to this deposit table, add a line item for Merchant fees (negative amount) and tips (positive amount). You can consult your accountant on what posting account you need to use when setting up the additional line items.
How do I adjust synchronized invoice amounts for deposits that were reduced either by merchant services fees or were increased due to tips when reconcilling?
Thank you very much! I think for any deposit generated from QB that will work swimmingly, however I am trying to match synchronized (via my credit union) Square deposits that are in the bank register, but cannot be matched to an invoice because the amounts differ. (see attached)