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Entering Deposits into QuickBooks From Merchant Account Service

To enter deposits for a Merchant Account Service.
Solution Description
  1. Receive payment for each customer payment that you want to process a credit card for.
  2. In Customers, Receive Payments change the Deposit To account to Undeposited Funds.
  3. After the statement from the Merchant Service or bank is received the deposit within QuickBooks can be entered including the fees.
  4. When you go to Banking, Make Deposits, choose all payments that make up the deposit.
  5. Then in the deposit window add another line to the deposit below the last customer payment, for the fees that are being charged for the Merchant Service.
  6. The From Account will be the account used to show Merchant Account Fees.
  7. Enter the amount of the fees as a negative number in the amount field.
  8. The deposit should now match what actually was deposited from the Merchant Account Service to the bank account.

If this solution does not resolve the issue, please review other available QuickBooks support options for additional guidance. You can also read and post messages relating to your issue on the QuickBooks Community forums.

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KB ID# HOW13167
9/2/2014 7:06:44 PM
PPRDQSSWS402 9102 Pro 2013 0abd8f