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Work smarter and get more done with advanced tools that save you time. Discover QuickBooks Online Advanced.

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Charies_M
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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:

 

  1. Go to + New.
  2. Select Receive payment.
  3. From the Customer dropdown, choose a customer.
  4. In the Outstanding Transactions section, select the unpaid invoice you wish to apply the payment toward.
  5. In the Payment method dropdown, select the payment method.
  6. 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:

 

  1. Go to the + New menu.
  2. Select Bank Deposit.
  3. Enter a negative amount 100 to the Add funds to this deposit section.
  4. 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.

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