Was this page helpful?
Thank you!

Comments or suggestions?



Enter Email Address (optional)
email

Enter Deposits in QuickBooks From Merchant Account Service

This article provides the steps on how to enter deposits in QuickBooks using your Merchant Account Service.

Detailed Instructions

How to make deposits for Merchant Account Service:

  1. Launch QuickBooks.
  2. Go to Customers menu, choose Receive Payments option, then change the Deposit To account to Undeposited Funds.
  3. Once the statement from the Merchant Service or your bank is received, the deposit within QuickBooks can be entered- including the fees.
  4. Go to Banking menu, click Make Deposits, then choose all payments that make up the deposit.
  5. In the Deposit window, add another line to the deposit area below the last customer's payment.
    This is for the fees that are being charged for the Merchant Service.
  6. The From Account option will be the account used to show the Merchant Account Fees.
  7. In the Amount field, enter the amount of the fees as negative numbers.
    The deposit should now match what was actually deposited from the Merchant Account Service to the bank account.
  8. Close QuickBooks, then relaunch to check if process is successful.

 

KB ID# HOW13167
8/26/2016 1:37:33 AM
QYPPRDQBKSWS05 9132 Pro 2016 5fd2d9