SiftPay - Process Deposits
FREE Mini-Course
Learn how to easily and quickly process SiftPay payments into QuickBooks Online. If you accept SiftPay payments and use third-party software to push payments to QBO, this 10-minute mini-course is for you!
Keep your revenue accurate and your books clean with these easy and practical instructions.
Want to know more about SiftPay, where your customers choose how to pay you and THEY are responsible for the credit card fees? Click here!
Here's All You Need
QBO Login
You will be creating deposits in QBO that match the payments to the SiftPay deposits and record merchant service fees.
SiftPay Login
We will use the settlement details from the SiftPay website to make sure our deposits are done correctly.
Access to your
service software
You may need need to login to your service software to make sure the customer accounts and balances match.
Incorrect processing can cause your financials to be wrong!
Don't end up with double-reported income
Many companies using third-party software struggle with correctly entering credit card settlement deposits into QuickBooks Online. This can easily result in double-reported revenue on the income statement. So a business owner may THINK their business is very profitable, but in reality it may not be! That's no good.
Common Data Entry Errors:
- Entering deposits into QuickBooks Online into a sales account, when they need to be matching payments.
- Incorrectly managing refunds, skewing revenue numbers.
- Using the "find match" option in QBO for deposits, which makes reconciling bank statements very difficult, if not impossible.
FREE 10-Minute Course
Yes, the course is really free. It is only 10 minutes of material, but can save you from so much headache down the road! This course is for those who want their revenue numbers in QBO to be accurate while they save money on merchant fees by using SiftPay as their credit card processor. Let's do it!
Free Course
