💰💳 How to Record Payments Received in QuickBooks Online (QBO) - Simple Guide!

📝💼 Learn how to record payments received in QuickBooks Online (QBO) effortlessly. This step-by-step video tutorial covers receiving payments from customers, managing deposit accounts, and recording group deposits. Keep your financial records accurate and up-to-date with QuickBooks Online! 💰📊

🎯 To begin, access the plus menu and select "Receive Payments." Choose the customer who made the payment and enter the payment date. Specify the payment method, such as a check, and enter the check number as the reference number. Decide where to deposit the money based on your banking preferences. If depositing payments together, select the "Undeposited Funds" account. This acts as a temporary holding location, similar to a bank deposit bag. If the payment has already been deposited, choose the appropriate account. ✉️🏦💼

💵 If QuickBooks displays an invoice associated with the payment, review the amount. Ensure it matches the payment received. Adjust the amount if necessary. QuickBooks will keep track of any remaining balance on the invoice. Save the payment and choose to enter another payment or save and close if you're finished. 📑💼

💸 When you have deposited a group of payments from the "Undeposited Funds" account, record the deposit in QuickBooks. The payments automatically appear on the deposit page. Verify each payment, ensuring the payment method and reference number are correct. The total amount of the deposit, including all payments, should match your deposit slip or receipt. Save and close to complete the recording of the deposit. 🏦💳💼

🎉 Now it's your turn! Practice recording a recent payment from a customer in QuickBooks Online and enjoy streamlined payment management! 💼💰
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