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Anonymous
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Recording Stamps.com deposits and label purchase activity?

Stamps.com does not charge per label, and requires a balance to be added to the account for the label purchases to come from. In this case do i just goto chart of accounts, add a stamps.com account, and use that to link any reported label purchases, and deposits to the stamps.com account?

I am trying to learn QBo, Shipstation, and webgility unify all for the new year and it may be a bit much to learn all at once!

- Thomas

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Best answer 12-27-2018

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Level 15

Recording Stamps.com deposits and label purchase activity?

Treat Stamps.com as a Bank type of account = they have your money.

 

The Payment to them is a Transfer from Business Checking to Stamps Bank. The "spending" is a check expense from the Stamps Bank, for when you use your funds held by them.

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Highlighted
Level 15

Recording Stamps.com deposits and label purchase activity?

Treat Stamps.com as a Bank type of account = they have your money.

 

The Payment to them is a Transfer from Business Checking to Stamps Bank. The "spending" is a check expense from the Stamps Bank, for when you use your funds held by them.

View solution in original post

Highlighted
Anonymous
Not applicable

Recording Stamps.com deposits and label purchase activity?

okay that makes more sense than what I was thinking, thank you for the response! I've been using an excel sheet for 5 years, so I'm trying to get this all figured out for this next year.

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