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

If a customer has paid over the invoice amount as a "tip" to the company, how do I record that is QBO? Which account would the "tip" be assigned to?

 
1 Comment
Level 2

Hello andi, Let's go ahead and record the tip over the in...

Hello andi,

Let's go ahead and record the tip over the invoice.

Before recording it directly to your invoice, let's create first an account to use for your tips.

Here's how:

    1.     Click the Gear icon and select Chart of Accounts.
    2.     Click New at the top right.
    3.     From that field, choose your desired account for tips
    4.     Click Save to save the information.
            Next steps, let's receive the payment for the invoice created. 
            1. Open the invoice and click the Receive payment button.
            2. Enter the invoice amount.
            3. Click Save and close.

            Lastly, let's create a Bank Deposit.

            1. Click the Create menu (+) and select the Bank Deposit.
            2. Enter the bank account in the Account field.
            3. Mark the invoice payment you've created earlier.
            4. Go to the Add funds to this deposit section.
            5. Enter the customer name in the RECEIVED FROM column.
            6. Enter the tip account in the ACCOUNT field.
            7. Enter the tip amount and click Save and close.

            Please don't hesitate to leave a comment if you have further concerns about entering tips in QuickBooks Online