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See how views make matching credit card deposits easier (Merchant Service)

With a QuickBooks merchant account, you can more easily match your credit card transactions with the lump sum deposits that appear on your bank statement.

Note: The following procedure explain how to use the Make Deposits feature. For an easier way to match your credit card deposits and fees to your bank statement, use the Merchant Service Deposits feature, which has an updated interface and shows deposits and fees on a single window to make reconciliation faster and easier.

Please read if you process American Express cards

Reconcile with Make Deposits

  1. Go to the Banking menu and click Make Deposits. Open the Make Deposits window

    In the Payments to Deposit window, click the View payment method type drop-down and select any view that displays credit card payments.

    Your payments to deposit are grouped by date and payment type.

    Note: If you have a Point of Sale merchant account, these deposits may appear slightly differently than your other transactions.

  2. Select the credit card payments you want to deposit. Select only credit card payments, not a mix of cash and credit card payments.

  3. Click OK.

    In the Make Deposits window, the displayed Deposit total may not match the deposit total on your bank statement. Typically, this is the result of processing fees, but it may be due to other reasons such as chargebacks.

  4. (Optional) Enter a memo.

  5. Save the deposit.

Accounting for fees

In the Make Deposits window, the displayed Deposit total may not match the deposit total on your bank statement. Typically, this is the result of processing fees, but it may be due to other reasons such as chargebacks. To make sure your fees in QuickBooks match the fees on your bank statement, select the After saving, go online to account for credit card fees and adjustments checkbox.

KB ID# H_SVC_QBMS_VIEWS_MATCH_DEPOSITS
12/4/2016 12:13:32 AM
QYPPRDQBKSWS09 9138 Pro 2017 16b88f