In this lesson, we’ll show you how to process a credit card payment in QuickBooks Online using QuickBooks Payments (formerly known as Intuit Merchant Services). When you accept credit card payments in QuickBooks Online via QuickBooks Payments, the revenue, cash received, and processing fee will be reflected in the proper accounts automatically after the payments…
About the Author
Tim Yoder
Tim Yoder is a subject matter expert at Fit Small Business focusing on small business bookkeeping, accounting, and tax content. He received his Ph.D. from Penn State and then taught tax and accounting to undergraduate and graduate students as an Assistant Professor at both the University of Nebraska Omaha and Mississippi State University. Tim is a Certified TSheets Pro, QuickBooks ProAdvisor for both the Online and Desktop products, as well as a CPA with 25 years of experience. He most recently spent two years as the accountant at a commercial roofing company utilizing QuickBooks Desktop to compile financials, job cost, and run payroll.
6 Best Professional Tax Software for 2020 Returns
We present the best six software for tax professionals of different sizes and clientele. Tax software is the core of a tax preparer’s business, and the best tax software for tax professionals includes preparing individual and business returns. The needs of tax preparers vary greatly based on their need for bookkeeping integrations, remote access, and…
How to Enter a Credit Card Refund in QuickBooks Online
In this lesson, we’ll show you how to enter a credit card refund in QuickBooks Online. When you pay a vendor with a credit card and that charge is eventually reversed or reduced, you’ll need to reduce your credit card balance by the vendor credit. Thank you for taking the time to learn QuickBooks Online,…
How to Reconcile Credit Card Accounts in QuickBooks Online
This lesson will teach you how to reconcile your credit card in QuickBooks Online. Reconciling your credit cards is a crucial step in good bookkeeping to ensure that the credit card activity in QuickBooks matches the activity on your credit card statement. But don’t worry: this lesson shows how QuickBooks makes credit card reconciliation easy….
How to Enter Credit Card Transactions in QuickBooks Online
In this lesson, we’ll show you how to enter credit card charges in QuickBooks Online. Entering credit card transactions manually is necessary if you can’t connect your credit card account to your QuickBooks Online account, or you need up-to-date financial information. We’re happy you’re taking the time to learn QuickBooks Online, our best overall pick…
How to Manage Downloaded Credit Card Transactions in QuickBooks Online
In this lesson, we’ll show you how to categorize downloaded credit card transactions in QuickBooks Online. Credit card transactions imported into QuickBooks Online must be matched to an existing transaction, applied to an unpaid bill, or categorized as an expense. Thank you for taking the time to learn QuickBooks Online, our best overall pick for…
5 Best Easy-to-Use Accounting Software for Small Businesses
Easy-to-use accounting software is a must for any new small business. Even the simplest of accounting software can save you hours by providing an easy way to classify income and expenses, issue invoices, pay bills, and track your cash balance. We’ve reviewed numerous easy accounting software and narrowed it down to five for you to…
How to Enter Bank Transactions in QuickBooks Online Manually
In this lesson, you’ll learn how to enter bank transactions manually in QuickBooks Online. We provide links to our lessons that cover each of the common bank transactions. We also show you how to enter bank transactions directly in the check register of QuickBooks Online, although this is generally not the best way to add…
5 Best Mobile Accounting Apps 2020
A quality mobile accounting and bookkeeping app is essential to today’s small business owner. Luckily, most online accounting programs offer an app, but the functions and quality of the apps vary, so you should consider your mobile app needs before deciding on an accounting or bookkeeping software. We’ve researched the apps from many of the…
How to Pay Bills in QuickBooks Online
In this lesson, you will learn how to pay bills in QuickBooks Online. You’ll learn how to pay bills by printing checks as well as how to submit electronic payments for free through the QuickBooks Online bill paying feature. We appreciate you completing this free tutorial for QuickBooks Online, our best overall pick for small…
How to Record a Bounced Check in QuickBooks Online
In this lesson, you’ll learn how to record a bounced check in QuickBooks Online. QuickBooks doesn’t have a bounced check feature, so the process requires several steps. Thank you for taking the time to complete this free tutorial for QuickBooks Online, our best overall pick for small business accounting software. We hope you will follow…
How to Process Bank Reconciliations in QuickBooks
In this lesson, you’ll learn how to do a bank reconciliation in QuickBooks Online. You should understand how to reconcile in QuickBooks to verify that all the activity in your bank account is recorded in QuickBooks Online accurately. We’re happy you are completing this free tutorial for QuickBooks Online, our best overall pick for small…