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February 22, 2024
Question

How do I move my paid invoice funds to my bank account

  • February 22, 2024
  • 1 reply
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1 reply

February 22, 2024

I’ve got you covered, @matlockangela-ya. I'll make sure you'll be able to transfer the invoice payments to your bank account.

 

First, in receiving invoice payment, ensure to deposit the money in your bank instead of the Undeposited funds. This way, the amount will be transferred directly to your account. 

 

Here's how:

 

  1. In your QuickBooks account, go to the + New button
  2. Choose Receive Payment.
  3. From the Customer dropdown, select the name of the customer.
  4. In the Payment method dropdown menu, click the payment method.
  5. From the Deposit to dropdown, choose your bank.
  6. In the Outstanding Transactions section, select the checkbox for the invoice you are recording payment for.
  7. Fill in the Reference no. and Memo if needed.
  8. Once done, click Save and new.


     

 

Otherwise, you can process a bank deposit to transfer the funds to your account. Let me show you how:

 

  1. Select the + New button.
  2. Choose Bank Deposit.
  3. From the Account ▼ dropdown, select the bank you want to put the money into.
  4. Select the checkbox for the transaction.
  5. Make sure the total of the selected transactions matches your deposit slip.
  6. Once done click Save and Close or Save and New.

 

For more info, feel free to browse this article: Record and make bank deposits in QuickBooks Online.


You can use the Progress Invoicing feature in the future. This keeps customer payments organized and connected from start to finish.


Don't hold back to drop a comment if you have more questions or concerns about your invoice payments. I’ll be here. Have a good one and take care always!