I got you covered, CummingsM.
There are different ways to record a payment in QuickBooks Online (QBO). The first option is to create a Receive Payment transaction and match it with an invoice.
Here's how:
- Go to + New.
- Select Receive payment.
- From the Customer dropdown, choose a customer.
- In the Outstanding Transactions section, select the unpaid invoice you wish to apply the payment toward.
- In the Payment method dropdown, select the payment method.
- Select Save and close.
I'll share with you this article for other ways on recording payments in QuickBooks Online: Take and process payments in QuickBooks Online with QuickBooks Payments.
Once you record all the payments, you'll want to deposit them. Here's how:
- Go to the + New menu.
- Select Bank Deposit.
- Enter a negative amount 100 to the Add funds to this deposit section.
- Review the information and click Save and close.
More information about making bank deposits can be found in this article: Record and make bank deposits in QuickBooks Online.
Do remember that all deposits you create in QBO must match exactly what is on your bank statement as a deposit. If it doesn’t you will need to delete your QBO deposits and start again.
You'll also want to check out this article abut matching transactions in your Online Banking: Categorize and match online bank transactions in QuickBooks Online.
If you have other questions or need further assistance with recording payments, please let me know. Keep safe and have a nice day.
