Thank you, Skimmer! Automated Payout Syncing with QuickBooks is a game changer! 

Skimmer's new payout syncing update automatically syncs with QuickBooks, creating both an invoice and payment record AND creating a bank deposit that reconciles with the payout. The reconciliation is 98% done for you!

So, how do you set it up?

1. Set up the QuickBooks integrations settings as shown below or in the video above.

2. Choose 'undeposited funds' for payment deposit account in QuickBooks for the Skimmer Payouts
3. Choose ‘banking/credit card merchant fees’ expense account in QuickBooks for the skimmer payout fees

Here’s why:

Online Payment Processing

• Skimmer uses Stripe for processing online credit/debit card payments

• Stripe takes a fee for processing credit cards, debit cards, and ACH online

• The new payout syncing feature helps reconcile the difference between invoice amount and actual deposit

• Example: Customer pays $100 - $2 processing fee = you receive $98

QuickBooks Tips for Setup and Reconciliation (04:51 - 07:22)

• Connect business checking and credit card accounts to QuickBooks

• Bank transaction feed shows actual transactions in real-time

• New Skimmer payout sync feature creates a bank deposit matching the payout

• Invoices paid go to undeposited funds, waiting to match with payout

• This is why you should always choose “undeposited funds” for payments (not the bank account)

Detailed Look at Bank Deposit in QuickBooks (07:23 - 08:19)

• Bank deposit shows invoices paid through Skimmer online

• Processing fees are automatically deducted

• Total payout equals sum of invoices minus processing fees

• Integration and syncing create this automatically, saving time!

Yes, this can be done manually, but, why would you?? 

Get back to what you do best! Automate the rest.