Setting up payments in QuickBooks Self-Employed is straightforward. You can receive payments from clients through various methods, including online payments, bank transfers, and even checks. Here's a step-by-step guide:
1. Connect Your Bank Account
- Log in to your QuickBooks Self-Employed account.
- Go to the Settings menu.
- Select Banking.
- Click Connect Bank.
- Choose your bank from the list and follow the on-screen instructions to connect your account.
2. Create an Invoice
- Go to the + New button.
- Select Invoice.
- Enter your client's information and the invoice details.
- Click Add Payment Method.
- Choose Online Payment or Bank Transfer as your preferred payment method.
3. Receive Payments
- Once you've sent the invoice, your client can pay online using their credit card or debit card.
- If you've chosen bank transfer, your client will receive your bank account information to make the payment.
- You can track the payment status in your QuickBooks Self-Employed dashboard.
4. Accept Checks
- You can also accept checks from clients.
- Enter the check information in the Receive Payment section of your QuickBooks Self-Employed account.
5. Deposit Payments
- Once you've received a payment, you can deposit it into your bank account.
- QuickBooks Self-Employed will automatically update your income and expenses based on your payment activity.
By following these steps, you can easily set up payments in QuickBooks Self-Employed and streamline your invoicing and payment process.
