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July 13, 2019
Question

Entering tips paid by debit or credit card,

  • July 13, 2019
  • 1 reply
  • 0 views

Example -Tips included in debit card $6317.21 deposited to the bank for the month, but employee is paid out cash in tips each day they are earned.

1 reply

July 13, 2019

Let me help record your tips, @questions5.

 

You can make a deposit in QuickBooks and enter an account for the tips to deduct it from the total amount.

 

Based on your given example, this is how it would look like:

 

If you're unsure what account to use for the tips, please consult your accountant to ensure everything is posted correctly.

 

For other references you can use in the future, you can check out this link: Income and Expenses for QuickBooks Desktop.

 

That should do it. I'm here to help if you have other questions about recording tips. Wishing you continued success.