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Level 1

Record incentive received from a remittance

Hi, 

We're working to provide services through overseas clients who make payments through Worldremit or something that deposits the fund to our bank in local currency. Recently, the bank is paying incentives the amount varies depending on the amount of payment. 

 

How do I record the incentive I receive along with the payment? 

 

I created a misc income account under "Other Miscellaneous Income" type, but whenever I go to "New > Deposit", the misc income account doesn't show in the list. 

 

Thanks in advance. 

Az

Solved
Best answer 12-23-2019

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Level 1

Record incentive received from a remittance

2 Comments
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QuickBooks Team

Record incentive received from a remittance

Hi there, @azizultex.

 

I'm here to share insights on how to record incentives received from payments in QuickBooks Online.

 

The Bank Deposit in QuickBooks Online is the final step to ensure the money you receive from payments is accurately recorded. Also, this feature where you will record the deposit.


To ensure that the Miscellaneous Income Account will show up. We can use the Add funds to this deposit. Here's how:

 

  1. Go to the  + New icon in the left pane then select Bank deposit.
  2. Choose the Bank Account.
  3. Fill in the necessary information.
  4. In the ACCOUNT field click the drop-down button.
  5. Locate the Miscellaneous Income account.
  6. Hit Save and new or Save and close.

 

I provide screenshot for reference. 

z.png x.png

 

For more information here's the detailed article: How to Record Bank Deposits in QuickBooks Online.

 

Also, you can check out how to use the Undeposited Funds Account to Receive Payments in QuickBooks Online.

 

Keep us posted if you need anything else. Have a nice day!
 

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Level 1

Record incentive received from a remittance