Ideas & inspiration for business owners

Why does Skimmer suggest choosing undeposited funds for payment deposits?Because it will save you frustration and headaches in QuickBooks!Choosing undeposited funds simplifies the reconciliation process and avoids confusion when checking transactions and reports in QuickBooks.How I reconcile Skimmer online payouts with QuickBooksWatch the video to see an example of the process I use to reconcile the payout received summary and payout detail reports matched to the bank deposit to update QuickBooks. Once you do it a couple of times, the process if quick and easy to do.Regardless of the payment source--credit card or ACH via Skimmer, cash, or checks---select “undeposited funds” when receiving payment.NOTE:Check your settings by going to Integrations>QuickBooks Online. Make sure that the “Payment to Deposit Account” is “Undeposited Funds” (or whatever you have Undeposited Funds named in your QuickBooks Online account)Undeposited Funds The steps I use to reconcile online payments in Skim