Skip to main content
T
Tracey Sheldon
January 4, 2024
Question

How to reconcile bank deposits from zettle

  • January 4, 2024
  • 1 reply
  • 0 views

My integration with zettle works very well except my bank payments do not match as the original invoice from them comes through without the zettle fees. The fees are sent to an expense account.

I have a coffee shop with hundreds of transactions a day and cannot make this work.

Any help would be greatly appreciated.

1 reply

M
Mark_AG
January 4, 2024

Hello there, Tracey.

 

Let me guide you in reconciling your bank deposits from Zettle to QBO. As the original invoice from Zettle comes through without the fees and the fees are sent to an expense account, you'll need to edit the invoice in QBO and change the amount to match the bank payment. This way, you can accurately reconcile the transaction in QBO.

 

If the fees aren't recorded yet, you can create a bank deposit with the same amount you received from the bank payment and enter the fee amount as negative to account for the bank fees. Once the deposit is created, match it to the bank transactions to reconcile the deposit. However, it's best to consult your accountant when dealing with this situation to ensure you've recorded it properly to the right accounts and avoid duplicate entries.

 

After successfully reconciling, you can learn how to close your books in QuickBooks Online.

 

Keep us updated with your concern about reconciling bank deposits from Zettle, Tracey. I'm always here to assist you anytime.

Terms & ConditionsAccessibility statement