Using Bank Deposit Transactions in QuickBooks Online to Pay Invoices

We're excited to announce a new feature in our integration with QuickBooks Online (QBO) that simplifies your accounting workflow! Now, you can use Bank Deposit transactions from your QBO bank feed to apply payments to invoices, and effortlessly sync these actions over to Re-Leased. This improvement addresses past issues where this transaction type caused sync errors. Read on to learn how you can leverage this feature to streamline your payment processes.

How to Use Bank Deposit Transactions as Invoice Payments

Applying your Bank Deposit transactions as payments to invoices in QBO and syncing to Re-Leased is straightforward. Follow the steps below:

1. Log in to your QuickBooks Online account.
2. Go to the Banking section and locate your feed of bank account transactions.
3. Identify the Bank Deposit transaction you'd like to use as an invoice payment.
4. Select the transaction and click on the option to Match to link it to an existing invoice (or to multiple invoices) in QBO.
5. Once you've matched the deposit to an invoice, your data is now ready to be synced over to Re-Leased.
6. In Re-Leased, initiate a sync with QuickBooks Online via the Sync icon in the navigation panel, or simply wait for the automatic synchronization to occur - these are scheduled to automatically occur every 20 minutes.

That's it! The payment applied in QBO will now reflect against the matching invoice in Re-Leased.

Troubleshooting Tips

If you encounter any issues during the syncing process, make sure that:

• The invoice you're trying to pay is not already marked as paid in Re-Leased.
• You have correctly matched the Bank Deposit transaction to the proper invoice in QuickBooks Online.
• Your integration settings between Re-Leased and QBO are properly configured.

If issues persist, please reach out to our support team for assistance.

Additional Resources

Here's a demonstration video from our Product Team showing the workflow.