Welcome to the Community forum, Shane. I'll share some insights about how processing invoice payments work in QuickBooks Self-Employed (QBSE).
If you use QuickBooks Payments, the deposit speed will depend on the type of payment you process and how long you have been with the service. If you're new to the feature, we'll deposit your first set of payments within 5 business days while we set up your account.
Once done, the processing of customer payments will be much faster. Additionally, credit card payment deposits take one to two business days, while bank transfer (ACH) payments, they will take two to seven business days.
For more insights, check out this article: Find out when QuickBooks Payments deposits customer payments.
Also, you can monitor your activities by visiting the Merchant Services Center by following these steps:
- Log in to the Merchant Service Center.
- From the homepage, choose Activities & Reports.
- Click Deposits.
- Select the date range in the Dates field.
- Select Search.
Once your payments are deposited into your account, you can review and categorize them accordingly. For more information, please see this article: Categorize transactions in QuickBooks Self-Employed. It also includes ideas about income and expense categories in QBSE.
Feel free to leave a reply if you have further clarifications. Keep safe, and have a good one.