QuickBooks is a premier and advanced accounting software used to manage accounts, transactions, invoices, payroll system, etc. When a customer payment is made, it has become an outstanding balance for an instant deposit. The balance is not visible due to the few reasons mentioned below.
● Any payment for the customer not processed within the day
● Some instant deposit is not valid for customer payments
● The customer payments through instant deposit are currently under moderation
For the instant deposit, the QuickBooks payment account should be in excellent and active condition. If you face trouble, you must call QuickBooks Contact Number to resolve it.
Read More : How to Get Instant Deposit in QuickBooks Desktop?
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Step 1: Get set up for instant deposits
If you haven't already, sign up for QuickBooks Payments. You need a QuickBooks Payments to account to get instant deposits.
QuickBooks uses your debit card to deposit the money into your checking account. It must be a Visa or Mastercard connected to a checking account at your bank or credit union. Intuit only uses this debit card to facilitate the instant deposit and any fees will continue to be debited from your regular payments bank account.
Add your debit card
Go to Customers, then select Credit card processing
Select Record Merchant Service Deposits
Select Get set up in the instant deposit banner on the home page of the Merchant Service deposits window. Note: You'll only see this option if you're eligible and the primary admin of your company.
Follow the onscreen steps and enter your debit card info.
When you get the confirmation code, enter it to verify the account.
You will get confirmation that your card is linked. You should also receive an email once your debit card is added to your merchant account.
Select an account to record instant deposits
You may be prompted to select your instant deposit account if you don’t already have it set up. This will allow you to automatically reconcile your account.
Choose Select Account at the prompt. You can also edit these settings by using the Change Deposit Settings.
In the Bank for Instant Deposits field, select your account. You can also add a new account and it will be added to your chart of accounts.
When you’re done, select Save settings
Step 2: See your available funds
Every time you process customer payments, they may go into your available balance. This balance is the available money you can deposit instantly. To see your available balance:
Go to Customers, then select Credit card processing
Select Record Merchant Service Deposits
Review your available balance in the instant deposit banner.
You can get an instant deposit if there's an available balance. Important: You can get the entire available balance, not a portion of it.
Step 3: Get an instant deposit
Go to Customers, then select Credit card processing
Select Record Merchant Service Deposits
Select Get it fast in the instant deposit banner.
Review the total and associated fees in the Confirm Deposit window.
When you're ready to initiate your instant deposit, select Get it now.
Within minutes, you’ll see the money in the bank account linked to your debit card. It can take up to 30 minutes depending on your bank. You'll get an email after we successfully deposit the money.
Follow these guidelines each time you want to request an instant deposit.
For Payments you receive before 3PM PT, make requests before 3PM PT to get your money on the same day. At 3 PM PT, we process your available balance at the normal speed.
For Payments, paid to you, after 3PM PT, make requests to get your money deposited within 30 minutes anytime before 3PM PT the following day.
You can request Instant Deposit 24 hours a day, 7 days a week.
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Regards,
Bruce