April 21, 2020

What is GoPayment in QuickBooks And How to Use It?

In the tax season, taxpayers are quite worried about how to manage accounts and save money. There are very few reliable accounting software. There is one renowned software that not only manages accounting operations for you but also makes it easier to manage your tax. The name of that software is QuickBooks. It is considered as one of the most reliable and trustworthy accounting software available in the market. It is suitable for small, medium and large-sized businesses. The software comes with rich features and functionalities like it helps you to track sales, create and send invoices, organize your accounting data, and know where your business is standing in the market. Apart from all these features, it has also introduced GoPayment. Here, in this article, we will discuss what QuickBooks GoPayment is and how to use it.

What is QuickBooks GoPayment?

QuickBooks GoPayment is an on-the-go payment processing solution. It facilitates the vendors to process the credit card, cash, and check payments. 

It basically helps vendors to manage their payments, and process their transactions using the mobile application. The major feature of this platform includes that it records offline payments and ensures that your accounts are up to date. 

Steps to use GoPayments in QuickBooks:

Follow the steps given below to get started with QuickBooks GoPayment: –

  • First of all, launch the QuickBooks software by clicking on the desktop icon.
  • Next, enter your login credentials.
  • After entering your login credentials, click on the Gear icon and then select “Account and settings” or “Company settings” option.
  • Now, you will see the menu on the left side. From the list, select the “Payments” option.
  • Then, you will need to select “Connect” in the existing account section.
  • After that, QuickBooks will locate for any merchant accounts that are associated with your user ID.
  • Once your account is located, you need to make sure that the correct merchant account is listed.
  • Now, click on the link account to link the GoPayment account in QuickBooks.

So, these are some simple steps that you need to follow to link your GoPayment account in QuickBooks. Once the GoPayment has been set up, you can accept QuickBooks Online invoice payments.

How To Use GoPayment To Accept QuickBooks Online Invoice Payments

Here, we are going to discuss how to accept QuickBooks Online Invoice Payments via GoPayments. The steps are best suitable for version 11 or later. With the GoPayment, you can create an invoice and take payment from anywhere. 

Receive An Invoice Payment Using GoPayment

To receive an invoice payment using GoPayment, follow the steps given below. However, to get started, you need to create an invoice in QuickBooks Online. Doing this will automatically sync to GoPayment so the invoice is always ready.

  • Go to the GoPayment and tap the Plus (+) button.
  • Next, tap Invoice payment and enter the customer’s name.
  • After entering the name, tap the invoice your customer is paying.
  • Finally, tap Charge, and then tap the payment method

Receive A Payment Without An Invoice

In the above method, we already had the invoice created. However, if you don’t have the invoice created, you can still receive payment and apply it to the invoice you create later. To do so, follow the steps given below:

  • Go to the GoPayment and tap the Plus (+) button.
  • Next, tap the Invoice payment option and enter the customer’s name.
  • Then, tap the Payment amount and enter the payment amount.
  • Next, tap the Done button.
  • Finally, tap Charge, and then tap the payment method.

Now, when you are back in QuickBooks Online, you can match the payment to the invoice anytime.

So, this was all about the GoPayment in QuickBooks. It is quite easy to use. However, note that more than one invoice can be paid with a single payment and the partial payments are not currently supported.

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