I got your back in recording your Venmo account transactions in QuickBooks Online (QBO), @kent-kentmarting.
When your Venmo account is connected to online banking, you'll have to add it to QBO. This is where you'll be recording your sales receipts once you receive and process payments. Then, enter a transfer transaction when you'll deposit from Venmo to your checking account.
Once your Venmo account is connected to QBO, you'll have to record a new transfer transaction. Here's how:
- Go to the + New button.
- Select Transfer.
- From the Transfer Funds From drop-down list, select the account (i.e., checking) that the money is coming from.
- From the Transfer Funds To drop-down list, select the account that the money is going to (i.e., Venmo).
- In the Transfer Amount field, enter the amount being transferred.
- Edit the Date field.
- Enter a description of the transfer in the Memo field (optional).
- Select Save and close or Save and new to complete the transfer.
I've attached a screenshot below that shows the last six steps.
![Transfer Transaction QBO.PNG Transfer Transaction QBO.PNG](https://quickbooks.intuit.com/learn-support/image/serverpage/image-id/69558iCE30773E42729888/image-size/large?v=v2&px=999)
After that, you need to review and match your transfer transaction to the downloaded one. This way, you can keep your account updated. Kindly refer to this article for the step-by-step guide: Categorize online bank transactions in QuickBooks Online.
Also, I encourage you to reconcile your Venmo account every month. This way, you can effectively monitor your transactions and detect any possible errors accordingly. You can check out this article for the detailed steps: Reconcile an account in QuickBooks Online.
Let me know in the comments below if you have other banking concerns or need further assistance in recording your Venmo transactions. I'll be glad to help. Take care and stay safe always.