How To Set Up QuickBooks Payments
QuickBooks Payments is a service that allows businesses to accept payments from customers in a variety of ways, including credit card, Paypal, Venmo, ACH Payments, and more.
Note that Accountable Numbers is not able to set this up on your behalf. The only person who can set this up is the business owner.
To set up QuickBooks Payments, follow the steps below:
1. Log into your QuickBooks Online Account
2. Click on the Gear Icon in the upper right-hand corner of your screen
3. Navigate to the Your Company section, and then choose Account and Settings
4. Choose Payments
5. If you do not have an existing QuickBooks Payments account, click the Learn More button to set it up.
Note that depending on your settings, you may see an Activate Payments button instead of Learn More. If so, click Activate Payments to set up QuickBooks Payments.
If you already have an existing QuickBooks Payments account, click Connect
6. Provide information about your business.
7. Provide information about the owner of your business.
8. Set up your deposit account.
This is the bank account in which all customer payments will be deposited.
If you already have a bank account linked to QuickBooks, you can choose it by clicking Verify.
Otherwise, you will choose A Different Bank Account and provide the information requested.
The first time you set up QuickBooks Payments, QuickBooks will do a penny test to verify the bank account.
What is a penny test?
This involves depositing or withdrawing a small amount of money, usually a penny, into the account and verifying that the transaction works as expected. Accountable Numbers will handle the verification process after the deposits are made.
This involves depositing or withdrawing a small amount of money, usually a penny, into the account and verifying that the transaction works as expected. Accountable Numbers will handle the verification process after the deposits are made.
9. Click Save.
If you have any questions about this process, please send us an email at service@accountablenumbers.com or submit a ticket here.
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