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Anonymous
December 27, 2018
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Recording Stamps.com deposits and label purchase activity?

  • December 27, 2018
  • 1 reply
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Stamps.com does not charge per label, and requires a balance to be added to the account for the label purchases to come from. In this case do i just goto chart of accounts, add a stamps.com account, and use that to link any reported label purchases, and deposits to the stamps.com account?

I am trying to learn QBo, Shipstation, and webgility unify all for the new year and it may be a bit much to learn all at once!

- Thomas

Best answer by qbteachmt

Treat Stamps.com as a Bank type of account = they have your money.

 

The Payment to them is a Transfer from Business Checking to Stamps Bank. The "spending" is a check expense from the Stamps Bank, for when you use your funds held by them.

1 reply

qbteachmt
qbteachmtAnswer
December 28, 2018

Treat Stamps.com as a Bank type of account = they have your money.

 

The Payment to them is a Transfer from Business Checking to Stamps Bank. The "spending" is a check expense from the Stamps Bank, for when you use your funds held by them.

A
Anonymous
December 28, 2018

okay that makes more sense than what I was thinking, thank you for the response! I've been using an excel sheet for 5 years, so I'm trying to get this all figured out for this next year.

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