@@fredachemorelife8262 If you have already deposited the money in QuickBooks you will have to void the deposit first and then void the payment second. If you have not deposited it in QuickBooks, then you can just void the payment
do you do the same thing (adding payment) even if the deposit is automatically recorded by QB as entering your bank account? Or would this be creating a duplicate that would make things difficult later on ?
In the desktop version there was an easy way to write off an underpayment right from the customer payment screen. I don't see that option in QBO. How do you write off underpayments in QBO?
We currently "Find Matches" for invoices once they hit our bank feed, then we match the (check) deposit to the invoice. This can get confusing especially as we grow. My question is, if we choose to "Receive Payment" as you clearly/easily instructed in this video, where do we match the deposit to once it hits the bank feed now that a specific invoice is considered "paid".
when i am on receive payment why is the credit section at the bottom? it says deposit. if i uncheck that then the amount applied is correct. so should i be unchecking and if so why is it there? thank you
Please help. A client claimed to have paid an outstanding invoice via ach and i can't find it in my banking feeds, where else can it be found in quickbooks?
I recently switched from QB desktop to Online 2021. When I ran into some problems, the QB help line instructed me to NOT record payments using the Receive Payments option the way you are showing in the video, but to go to the downloaded bank transactions and match the payments from there. The problem appears to be, though, that this is a hit and miss affair" some deposits are matched correctly, others are recorded in the bank register, but not properly allocated toward the customer invoice. If I use the method described in this video, will QB just match up the deposit with this recorded payment, or will there be some kind of duplication?
It should match. As you go through the bank feed transactions it will show if it matches something or not. If it doesn’t then you can click on Find Match to find what you need to match to
I'm moving from Quicken to QB Pro Online. In 2021, I billed some 100 customers via Quicken invoices. For 2022, do I need to create separate invoices for all customers
@@FrankBrill I would do a journal entry to record those. Were they all paid so that it’s just income in 2021? If so when you do a journal entry credit revenue and debit retained earnings as of 12/31/21
@@QbuniversityOrg On re-reading my question to you today, I realized that my 2021 client invoices were not prepared and sent in Quicken, as I had stated, but rather in PayPal. Is there a way I could transfer the PP invoices/transactions to QB Plus so that they would appear as invoices (or some other helpful category) now for use in QuickBooks Plus reports?
If I have a deposit for 70 invoices weekly, without receiving 70 payments one-at-a-time, is there a way to receive all payments against all invoices with the same date?
I’ve been waiting over a week for a large Quickbooks payment to process from my client. No idea how long it will take. This is unacceptable that they would keep me in the dark. I may have to ask them to stop payment. I would think twice before using Quickbooks as a payment solution. This is the very stressful and the company has NO response other than apologies and vague estimates of how long it is supposed to take. This should be illegal.
@@QbuniversityOrg Nope - funds have been verified and have left the client's account. Payment was sent on July 20th. 9 days ago. You can see that this happens to people using Quickbooks all the time. I may just have to have them cancel the payment. But it's embarassing and awful. This is a payment for $17,000 btw. I understand that you don't work for Quickbooks. But since you are addressing Quickbooks payments, I'm here to tell you that people need to be careful. Quickbooks is optimized for accounting. It is not necessarily a good payment solution. There are far better ones out there. You can't believe how much stress they've put me through.
@@troywhitney1948 You don't have to process payments via QBO. It's more manual but the customer could schedule the ACH into your account and bypass QBO processing completely.
Feel free to leave a comment or question here!
hi how do i reverse a payment that i have matched to a wrong invoice
@@fredachemorelife8262 If you have already deposited the money in QuickBooks you will have to void the deposit first and then void the payment second. If you have not deposited it in QuickBooks, then you can just void the payment
with online banking directly linked how do I prevent a duplicate deposit ??
Very helpful. I like your teaching style so I am subscribing. Thanks
Awesome thanks!
Hi, thanks for the video. What is the difference between matching the deposit from the bank feed to the invoice vs the receive payment option?
No difference you just want to make sure if you receive payment you match the bank feed to the deposit
Do you have a video about how to do the undeposited funds deposit?
How do I set up so Zelle and Venmo shows when paid? Thanks
Thank you for the video!
You’re welcome!
do you do the same thing (adding payment) even if the deposit is automatically recorded by QB as entering your bank account? Or would this be creating a duplicate that would make things difficult later on ?
In the desktop version there was an easy way to write off an underpayment right from the customer payment screen. I don't see that option in QBO. How do you write off underpayments in QBO?
We currently "Find Matches" for invoices once they hit our bank feed, then we match the (check) deposit to the invoice. This can get confusing especially as we grow. My question is, if we choose to "Receive Payment" as you clearly/easily instructed in this video, where do we match the deposit to once it hits the bank feed now that a specific invoice is considered "paid".
You would do it the same way by Matching those deposits to the bank feed.
when i am on receive payment why is the credit section at the bottom? it says deposit. if i uncheck that then the amount applied is correct. so should i be unchecking and if so why is it there? thank you
It’s there if your customer has a credit with you. So if they use a credit against one of your invoices you can apply it
Please help. A client claimed to have paid an outstanding invoice via ach and i can't find it in my banking feeds, where else can it be found in quickbooks?
The check register. Or check the bank account to verify
My invoices are not showing up so I can click on them to place them in undeposired funds.
Are you going to Receive Payment?
I recently switched from QB desktop to Online 2021. When I ran into some problems, the QB help line instructed me to NOT record payments using the Receive Payments option the way you are showing in the video, but to go to the downloaded bank transactions and match the payments from there. The problem appears to be, though, that this is a hit and miss affair" some deposits are matched correctly, others are recorded in the bank register, but not properly allocated toward the customer invoice. If I use the method described in this video, will QB just match up the deposit with this recorded payment, or will there be some kind of duplication?
It should match. As you go through the bank feed transactions it will show if it matches something or not. If it doesn’t then you can click on Find Match to find what you need to match to
How to record mONE PAYMENT that applies to multiple invoices? (same client?)
In that case you put in the total amount of the payment, and then down below just check off which invoices it applies to.
So what does it do if you choose clear payment?
In my quickbooks there are alot of open invoices in fraction or decimals like .1 or .2 how to receive them all without wasting much time
Thank you fo sharing sir
You’re welcome!
how do you deposit the actual money into the bank's checking account?
If it’s checks, go to the bank and deposit it
How can I change the date of when payment was received. I received a payment but forgot to change the date of when I received it.
I'm moving from Quicken to QB Pro Online. In 2021, I billed some 100 customers via Quicken invoices. For 2022, do I need to create separate invoices for all customers
Is there an easier way to import those payments so I can use them in reports for 2921 IRS income tax filings?
@@FrankBrill I would do a journal entry to record those. Were they all paid so that it’s just income in 2021? If so when you do a journal entry credit revenue and debit retained earnings as of 12/31/21
@@QbuniversityOrg On re-reading my question to you today, I realized that my 2021 client invoices were not prepared and sent in Quicken, as I had stated, but rather in PayPal. Is there a way I could transfer the PP invoices/transactions to QB Plus so that they would appear as invoices (or some other helpful category) now for use in QuickBooks Plus reports?
If I have a deposit for 70 invoices weekly, without receiving 70 payments one-at-a-time, is there a way to receive all payments against all invoices with the same date?
Do you mean automatically?
what if they paid online?
Just record it as payment received like any other payment
How can i record payment
Not sure I understand the question
I’ve been waiting over a week for a large Quickbooks payment to process from my client. No idea how long it will take. This is unacceptable that they would keep me in the dark. I may have to ask them to stop payment. I would think twice before using Quickbooks as a payment solution. This is the very stressful and the company has NO response other than apologies and vague estimates of how long it is supposed to take. This should be illegal.
Ok. I don’t work for QuickBooks so I can’t help you. I wonder if maybe the person paying - their funds need to be verified and it was put on hold?
@@QbuniversityOrg Nope - funds have been verified and have left the client's account. Payment was sent on July 20th. 9 days ago. You can see that this happens to people using Quickbooks all the time. I may just have to have them cancel the payment. But it's embarassing and awful. This is a payment for $17,000 btw. I understand that you don't work for Quickbooks. But since you are addressing Quickbooks payments, I'm here to tell you that people need to be careful. Quickbooks is optimized for accounting. It is not necessarily a good payment solution. There are far better ones out there. You can't believe how much stress they've put me through.
@@troywhitney1948 You don't have to process payments via QBO. It's more manual but the customer could schedule the ACH into your account and bypass QBO processing completely.
great
Thanks!