How do I recieve Payments that are deposited directly to my Bank account?

Hi rvirmani,

Recording your transactions and receiving payments can be done with confidence while ensuring duplicate entries are avoided.  QuickBooks Online is user friendly and provides options for reaching your goals.  I'd be glad to provide some insight here!

If you're using QuickBooks Payments, you'll see the deposit reflected in QuickBooks by going to Sales from the left menu and select the Deposits tab. In this case, you wouldn't need to enter the information, you'll simply match the transactions to the deposit in the Banking module.  For your reference, here's an article to assist with categorizing and matching online bank transactions in QuickBooks Online.

If you've invoiced a customer and they've paid with an e-transfer, you can follow these steps to record the payment.  To avoid duplicate entries, I'll guide you through the steps to review the payment history first.  Here's how:

1. From the left menu click on +New

2. Select Receive Payment

3. Click on the circular Arrow in the top left corner beside Receive Payment

4. Scroll down the list and hit View More

If a payment isn't found, you'll proceed to record it by following these steps:

1. Select Sales from the left menu bar

2. Click on Invoices

3. Locate the Customer and the Invoice to be paid

4. To the far right hit Receive Payment

5. Review all information and checkmark the invoice(s) for the payment to be applied

6. When finished, hit Save and Close or Save and Send

If you have any other questions or need additional assistance please feel free to reach out.  We're happy to help!