Credit card processing question

Jan 02, 2006 1 Replies

I am trying to setup payment accounts with QuickBooks but the receipts won't let me put the money where I want it to go. I have one company for processing credit cards, another for electronically processing checks. Additionally, some checks must be hand deposited and customers also pay with cash. Since I'm not using a QuickBooks Merchant account, I'd like to make a transfer to the various accounts of my choosing. It appears QB has only an account for undeposited funds. This means I'd have to assign most payments to that account and then make a separate journal entry to transfer the money to the credit card processor, check processor or bank. With MS-Money I can directly apply the amount to any account of my choosing from the receipt with no intermediate step. Is there a way to do this in QB?



Bob


Uncheck the preference (Sales and customers) to have QB use undeposited funds as the default when receiving payments.

Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required