Understanding Deposit Reconciliation
How payments and deposits are synced into QuickBooks Online
FlexPoint will automatically reconcile bank deposits with QuickBooks Online. Please do not manually intervene (e.g., manually marking invoices paid in QuickBooks Online), as doing so may disrupt the automation.
How It Works
Step 1: Invoices Are Automatically Marked as Paid ▶
When a client pays an invoice through FlexPoint, the invoice is automatically marked as Paid in QuickBooks Online.
Step 2: Payment Is Visible on the Invoice ▶
You’ll see the payment recorded on the invoice in QuickBooks, even if the bank deposit has not yet been received.
Step 3: Deposit Is Automatically Applied ▶
Once FlexPoint deposits the funds into your bank account, the payment in QuickBooks will show as Deposited.
Step 4: View Deposit Details ▶
Clicking into the payment in QuickBooks will show the full deposit details synced automatically from FlexPoint.
QuickBooks Desktop Deposit with Surcharge ▶
Example of how surcharge deposits appear in QuickBooks Desktop:
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