How to Get Credit Card Deposits to Match up to Bank Statements in QuickBooks
If you use Intuit, QuickBooks will do that for you when you select Banking > Make Merchant Service Deposits.
If you don’t, you’ll probably need your merchant account statement for help. Hopefully your deposits are gross and not net of fees because net deposits will really make it difficult to match them up. The goal is to get your deposits in QuickBooks to match up to the deposits on your bank statement. So if you’ve got net deposits, you should add an additional line to the deposit with a negative amount booked to your merchant account fees account.
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This article is provided for informational purposes and is not intended to be construed as legal, accounting, or other professional advice. For further information, please consult appropriate professional advice from your attorney and certified public accountant.