Hey All, The client payment received through Razorpay Payment Gateway are automatically recorded under "Accounts Receivable". How to change this Advance payments ledger?

Hello there, @office268.

Thank you for reaching out to the Community. I’ll assist you with your concern regarding changing to another account in QuickBooks Online (QBO).

With regards to Razorpay banking rules, I suggest contacting Razorpay in regards to mapping and rules for transactions. That way, they can explain further details about the flow of their transactions.

Meanwhile, in QBO, you can create another account in the Chart of Accounts and use it for mapping with Razorpay. Let me show you how:

1. From the left navigation pane, select the Accounting menu.
2. Select the Chart of Accounts tab, and click the new New button.
3. Choose the Account type, Detail type, and your preferred Name for this specific account.
4. Click Save and close.

You can also refer to your accountant for guidance on what type of account to choose for the specific transaction.

For future reference, I added the following article to learn more about categorizing bank transactions and reconciling an account in QuickBooks Online.

• Categorise and match online bank transactions in QuickBooks Online.
• Reconcile an account in QuickBooks Online.

Feel free to leave a comment if you need further assistance with banking transactions. I’m just one post away from assisting you. Have a great day!