Payment Methods

Payment Methods
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Payment Methods
Video Length: Video Size: File Size:
1 Minutes 38 Seconds Up To Full Screen 2077 KB

QuickBooks Online Training
 
Video Tutorial Over Payment Methods
 

Use this list to hold information about the different ways you receive payments from your customers (cash, check, Master Card, Visa, American Express, and so on). You can select a payment method from this list when you enter a customer payment. This allows you to sort your deposits by payment method and create reports based on payment method.

If you do not separate deposits by payment method, you probably do not need to use payment methods.

Payment method type views enable you to display transactions by type (Cash and Check, American Express, Discover, MasterCard and Visa). This makes it easier to match your QuickBooks deposits with your bank deposit totals.

You can display all your American Express payments, for example, and deposit them in a single transaction, then do the same for cash or checks.

It can be useful to create your own payment methods. You might, for example, name a payment method Traveler's Checks and assign it to the Checks payment method type. This way, it will be displayed when you choose to view payments to deposit by the Cash and Check or the Check payment method type.

For payment method types other than credit cards, such as barter payments, use the Other payment method type.

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