Mastering QuickBooks 2020

Managing credit card payments

In addition to cash and checks, you should accept credit cards as another form of payment. While there are fees associated with accepting credit card payments, there are several benefits. First, you can get paid faster with a credit card than waiting to receive a check in the mail. Second, if you sign up for an Intuit Payments account, you can email customers their invoice, which includes a payment link. They can click on the link, enter their payment information, and pay their invoice in a matter of minutes. Best of all, QuickBooks will mark the invoice as paid, which automatically reduces your accounts receivable balance. As we discussed in Chapter 6, Recording Sales Transactions in QuickBooks Online, you can ...