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Choose where to record payments and processing fees for QuickBooks Payments

SOLVEDby QuickBooks78Updated February 09, 2024

Have you recently signed up for Payments and connected it to QuickBooks Online? Make sure that your payments and processing fees will be recorded to the correct accounts.

Edit deposit and processing fees accounts

  1. Go to Settings Settings gear icon. and select Account and settings.
  2. Select the Payments tab.
  3. In the Chart of Accounts section, select the pencil  (edit) icon.
  4. For the Standard deposits dropdown▼, choose the correct bank account.
  5. For the Processing fees dropdown▼, choose the proper expense account for tracking processing fees.
    Note: QuickBooks Solopreneur users can't change the default expense account.
  6. Select Save.

Disclaimer: QuickBooks Payments account subject to eligibility criteria, credit and application approval. Money movement services are provided by Intuit Payments Inc., licensed as a Money Transmitter by the New York State Department of Financial Services.

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