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RelentlessRHH
Sep 28, 2021 5:58 AM UTC
Question

How to record when paid direct deposit by a pay statement .

I am a sub-contractor and the contractor pays me for each load delivered to their client. I do not issue invoices but do receive a direct deposit and statement summarizing loads the deposit paid for after deductions made for fuel used on fuel card as well as 5% contractor holdback and any overweight fines. How do I record this in QBO? Sales receipt? 

1 reply

JamesM4
Sep 28, 2021 10:46 PM UTC

Hello RelentlessRHH,

 

Glad to have you message us here. I'll be happy to steer you on the right path so you can record your transactions in QuickBooks. The program is designed to help business owners like you get a better perspective on your finances using the powerful features in QuickBooks.

 

Recording your transactions the right way is an essential step towards maintaining clean books. Based on the info you've provided, I highly recommend reaching out to an accounting professional for expert advice on how to record the transactions. If you're not in contact with a professional, don't worry, you can search for one using this link here. 

 

I'll leave this question open in the Community so other members can chime in and share their expert advice. In the meantime, don't hesitate to ask other questions, I'm here to help. :) 

 

 

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