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totallyrawsomepe
May 12, 2024
Question

How do I allocate merchant card receipts sent to my bank daily with my weekly shop sales in quickb . some sales recipes are paid cash and some receipts are paid by card

  • May 12, 2024
  • 1 reply
  • 0 views
Original commenter did not share additional details

1 reply

G
GenmarieM
May 12, 2024

Thanks for reaching out to us,

 

I understand that you would like to integrate your weekly shop sales into QuickBooks. However, please be advised that QuickBooks Online can only record your total daily sales using a single receipt. It is highly recommended to seek guidance from your accountant for the accuracy of your books.

 

For the detailed steps in recording your daily sales, you can visit this article: Record your total daily sales in QuickBooks Online.

 

Moreover, I'm adding this article as your reference in personalizing your sales forms in QBO: Customise invoices, estimates, and sales receipts in QuickBooks Online.

 

As you record your weekly sales in QBO, please know that I'm always here if you have other concerns regarding this matter.

T
totallyrawsomepeAuthor
May 14, 2024

I put my sales in monthly or Weekly as your article states creating the templates as described. I do not understand the adding the - balance payments as this negates the sales receipt. In the all sales screen it stated paid?? How?

I then have bulk bank receipt from my merchant account, visa etc, for the days or weekend sales this then needs to be allocated to the sales receipts as you sent me. I'm obviously being thick as not to understand it properly. 

My sales receipts have to be split as some sales are 0% and others are 20% vat

 

Cheers for clarification in quickbooks for dummies mode

G
GlinetteC
May 14, 2024

I appreciate you getting back to us and providing additional details about allocating your shop sales.

 

I can offer alternative options and ensure you can achieve your goal.

 

You can separately record your sales receipts in QuickBooks Online to easily differentiate between cash and card payments, then deposit them into an Undeposited Funds account. After that, record a bank deposit.

 

Using the Undeposited Funds feature, you can consolidate multiple customer payments into a single bank deposit, making it easier to reconcile your bank records.
 

I'll guide you through the process. 

 

  1. Click on the + New button and choose Bank deposit.
  2. From the Account dropdown menu, select the account where you want to put the funds.
  3. Select the checkbox next to each transaction you wish to combine into the deposit.
  4. Verify that the total amount of the selected transactions matches the amount on your deposit slip. 
  5. Click on Save and close to save the bank deposit transaction.

 

You can find more details in this article: Record and make bank deposits in QuickBooks Online.

 

In addition, take the necessary steps to match and categorise the bank transactions accurately to maintain proper accounting practices.

 

Additionally, it is crucial to reconcile the account to ensure the integrity of your financial records.

 

Let me know if you have further questions about allocating sales receipts and other related issues. I'll be here to assist.

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