cancel
Showing results for 
Search instead for 
Did you mean: 
userjohn7
Level 1

How do I record client fees that are added to my master brokerage account automatically? There is no invoice. The master brokerage account is set up as a bank account.

There is no invoicing in Quickbooks for this transaction.
Solved
Best answer September 24, 2021

Best Answers
CharleneMaeF
QuickBooks Team

How do I record client fees that are added to my master brokerage account automatically? There is no invoice. The master brokerage account is set up as a bank account.

Recording client fees in QuickBooks is my specialty, userjohn7. I'll gladly show you the way.

 

There are two ways to record the fees in the program. We can either enter them as sales receipts or bank deposits. I'd suggest checking the steps below to learn how.

 

Create Sales receipts:

 

  1. Go to the + New menu and then select Sales receipt.
    Capture2.PNG
  2. Enter the name of the client.
  3. Select the Payment method.
  4. On the Deposit to field, choose the master brokerage account.
    Capture.PNG
  5. Enter the necessary details, then click on Save and close.

 

Create Bank deposits:

 

  1. From the + New menu, select Bank deposit.
  2. Select the master brokerage account in the Account field.
  3. On the Add funds to this deposit section, enter the necessary details.
    Capture1.PNG
  4. Once done, click on Save and close.

 

Additionally, I've included these articles that'll help you view and manage your transactions in QuickBooks Online:

 

 

Please keep us posted on your progress in recording your client fees in QuickBooks, userjohn7. It's my priority to ensure your books are accurate.

View solution in original post

2 Comments 2
CharleneMaeF
QuickBooks Team

How do I record client fees that are added to my master brokerage account automatically? There is no invoice. The master brokerage account is set up as a bank account.

Recording client fees in QuickBooks is my specialty, userjohn7. I'll gladly show you the way.

 

There are two ways to record the fees in the program. We can either enter them as sales receipts or bank deposits. I'd suggest checking the steps below to learn how.

 

Create Sales receipts:

 

  1. Go to the + New menu and then select Sales receipt.
    Capture2.PNG
  2. Enter the name of the client.
  3. Select the Payment method.
  4. On the Deposit to field, choose the master brokerage account.
    Capture.PNG
  5. Enter the necessary details, then click on Save and close.

 

Create Bank deposits:

 

  1. From the + New menu, select Bank deposit.
  2. Select the master brokerage account in the Account field.
  3. On the Add funds to this deposit section, enter the necessary details.
    Capture1.PNG
  4. Once done, click on Save and close.

 

Additionally, I've included these articles that'll help you view and manage your transactions in QuickBooks Online:

 

 

Please keep us posted on your progress in recording your client fees in QuickBooks, userjohn7. It's my priority to ensure your books are accurate.

userjohn7
Level 1

How do I record client fees that are added to my master brokerage account automatically? There is no invoice. The master brokerage account is set up as a bank account.

Hey Charlene,

 

Thank you very much for that answer.  I used the second method (the bank deposit). It seemed more intuitive. The results made sense to me.

 

Take care.

 

John

Sign in for expert help
Ask questions, post replies & join our community of QuickBooks users.

Need to get in touch?

Contact us