Receive Payments Through QuickBooks Online

by | Aug 29, 2022 | Accounting, Information Technology

Receive Payments Through QuickBooks Online

  1. Select Customers in the side panel. This will show a full list of customers along with the money they owe you.
  2. Select Receive Payment in the Action column

                        OR

  1. Select +New

          Select Receive Payments

From here, you will enter the customer’s name.  As soon as the customer you choose populates, QBO will show all open invoices for that customer.

Check √ the box next to the invoice/s the customer is paying.  QBO will assume the entire invoice total is what is being paid by the customer, but if that is not the case, you can change the payment amount. 

Then record how the customer paid you under Payment Method.  If you don’t see their payment method listed in the drop down, select +Add New. 

Reference no. is not necessary but is a great location to list a check #. 

Deposit to: is the account you’re putting their deposit into.   Undeposited Funds will allow you to combine with other deposits later, this is a temporary account used to hold payments you plan to deposit later at the bank.  This account allows you to easily combine several payments into a single deposit. If you don’t combine deposits, just choose Checking. 

3. Select Save and Close

4. Go back to the Customer list to confirm their balance has been reduced by the payment you just entered. 

If you recorded the money going directly into a bank account, you’re done. 

But if you used Undeposited Funds, you’ll need to record the deposit after you put it in the bank. 

Always remember, Senter, CPA is here for you if you need any assistance.

Don’t hesitate to give us a call at 248-934-0550, or contact us below.

CONTACT US

9 + 1 =

Always remember, Senter, CPA is here for you if you need any assistance.

Don't hesitate to give us a call at 248-934-0550, or contact us below.

2025 Individual Tax Return Process

At Senter, CPA, our goal is to make your tax preparation experience as seamless and efficient as possible.

What are QCD’s?

Qualified Charitable Distributions (QCDs) are a tax-efficient way for eligible IRA owners to support charitable organizations while managing taxable income. Individuals who are age 70½ or older may donate up to $108,000 in 2025 directly from a traditional IRA to a qualified charity. When structured properly, a QCD is excluded from taxable income, may satisfy Required Minimum Distribution (RMD) requirements, and can help reduce overall tax liability.

Common Tax Documentation for 2025 Tax Season

Getting your tax documents organized for your preparer can feel overwhelming—but you don’t have to do it alone. One of the most common questions we hear is, “What documents do I need for my individual tax return?”

2025 Senter, CPA Year in Review

Reflecting on 2025, Senter CPA has experienced significant growth and success, both personally and professionally. As we roll into 2026, we’re heading into our ninth year as a firm. That’s wild. It honestly feels like just yesterday that we unlocked the doors on January 1, 2018.

URGENT: New Electronic Payment Requirements

Tax season is getting a serious tech upgrade.

New Schedule C Excel Worksheet For 2025

If you file Schedule C as a sole proprietor or single-member LLC, you already know how detailed the IRS can be. The form requires a thorough breakdown of your business income and expenses, leaving little room for guesswork. Schedule C is the primary IRS form used to report your business’s profit or loss and completing it accurately is essential for both compliance and tax planning.

New Schedule E Excel Worksheet For 2025

If you report rental income on Schedule E, you already know the IRS wants your numbers broken out by category and by property. Schedule E is the main IRS form used to report rental real estate income and expenses on your personal return, and clean detail makes prep faster and cuts down on follow-ups.

Help Us Keep Spreading the Senter CPA Magic!

First off—thank you for being part of the Senter, CPA, P.C. family! Whether we helped untangle your taxes, guided your business through accounting complexities, or simply answered that one stubborn finance question that was bugging you, we hope we’ve made your financial life a little easier (and maybe even a little brighter!). Now, we’re turning to you—not for more numbers or forms—but for just a few kind words.

Preparing for 2025: Senter CPA Explains Key Tax Law Changes Affecting Social Security

Recent tax legislation has introduced changes that may impact how Social Security benefits are taxed—especially for seniors with lower to moderate incomes. While the core rules around taxation of Social Security remain in place, new deductions and adjustments could offer relief for many retirees.

1099 Season Is Coming – Don’t Wait Until Last Minute!

It’s almost that time of year again — 1099 season! Before you start panicking and digging through piles of receipts, let’s go over a few quick reminders to make sure your 1099s are accurate and filed on time.