MY CARTPayments Settings in QuickBooks Online
How to Customize the Payments Settings in QuickBooks Online: Video
This video lesson, titled “How to Customize the Payments Settings in QuickBooks Online,” shows you how to customize the Payments settings for a company file in QuickBooks Online. It also shows you how to open a QuickBooks Checking account to use in QuickBooks Online, if desired. This video lesson is from our complete QuickBooks Online tutorial, titled “Mastering QuickBooks Online Made Easy.”
Overview:
To customize your company’s payments settings in QuickBooks Online, click the “Settings” button. Then click the “Account and settings” link under the “Your Company” heading in the menu to open the “Account and Settings” window. Then click the “Payments” company settings category link in the menu at the left side of the window to show the individual settings in that category to the right.
The “Payments” settings category contains the “Merchant details,” “Deposit Speed,” “Deposit accounts,” “Business Owner info,” “Documents,” “Chart of Accounts,” and “Payment Methods” sections. The settings in these sections let you view and manage your QuickBooks Payments service.
Merchant Details Settings and Deposit Speed Settings:
To manage your QuickBooks Payments account, click the “Manage account” button in the “Merchant details” section to open a web page for the service in your device’s default web browser. To close the account if you don’t want to use QuickBooks Payments as your merchant processor, click the “Account” button in this page and select the “Account Profile” choice in the drop-down menu. Then click the “Close Account” button at the bottom of the page.
To view the payments dashboard in QuickBooks Online, click the “View payments dashboard” link in this same section. The “Deposit Speed” section shows the processing speed for credit card and ACH transactions for the account.
Deposit Accounts Settings:
If needed, to add a bank account for QuickBooks Payments deposits, click the “Add Bank” link in the “Deposit accounts” section and follow the onscreen instructions.
Business Owner Info Settings and Documents Settings:
To edit your business owner’s info, click the pencil icon at the right end of the “Business Owner info” section to activate its settings, make any changes, as needed, and then click the “Save” button. To view monthly statements, select a month from the “Monthly Statements” drop-down in the “Documents” section and then click the adjacent “View” link.
Chart of Accounts Settings and Payment Methods Settings:
To set where you automatically record standard deposits and bank fees in your chart of accounts, click the pencil icon at the right end of the “Chart of Accounts” section to activate it. Then use the “Standard deposits,” “Instant deposits,” and “Processing fees” drop-downs to select to which account to record each, respectively. Then click the “Save” button in this section to save your changes. The “Payment Methods” section shows the payment methods your business accepts.
QuickBooks Checking:
Separately and optionally, to sign up for a QuickBooks Checking account to use with QuickBooks Online, click the “QuickBooks Checking” button at the left side of the “Account and Settings” window. Then click the “Sign up for QuickBooks Checking” button to start the process and follow the onscreen instructions that appear to finish.
