How does GPU work and how to initiate?

Hello there, @goodgerry22. I'm here to provide you with information about Get Paid Upfront (GPU) in QuickBooks Online (QBO).

GPU is a loan feature offered by QuickBooks which allows businesses to receive payment for their invoices upfront, instead of waiting for their customers to pay.

To record a GPU loan in QBO, you need to create a liability account that will receive the GPU funds. To do this, please follow these steps: 

1. Click on the Gear icon and select Chart of accounts.
2. Select New, Account Type dropdown and then Other Current Liabilities.
3. Select the detail type that best fits the transactions you want to track in Detail Type dropdown. 
4. Give your new account a name. Use the detail type description to create a name that describes what you want to track. In this case, you could use Get Paid Upfront Liability as an account name.
5. Add a description.
6. Then, hit Save and Close.

Once you've created the liability account, you may proceed to receive GPU funds after funding an invoice. Record the deposit in QuickBooks and the payment QuickBooks automatically applies. 

If you're wondering why you haven't received funds yet, it's because it takes 1 to 2 business days of acceptance before the funds appear in your provided bank account. 

You can check out this article for more details and information: Record a Get Paid Upfront loan in QuickBooks Online

For information about when QuickBooks Payments deposits customer payments into your bank account, check this resource:  Find out when QuickBooks Payments deposits customer payments.

If you have any further queries about GPU in QBO, please don't hesitate to reach out to us. We're always here to help.