Reconciling Braintree Disbursements in the QB Desktop

Question

We recently started using Braintree as our payment gateway and I am trying to figure out how to reconcile their disbursements with the quickbooks desktop, they do not have monthly statements like paypal with beginning and ending balances, has anybody made sense of this for accounting in the Quickbooks desktop, there is no support from Braintree and I cannot find tutorials.

Answer 1

Hi Shelby,

There are a few different ways to handle this. If you entering invoices in QBO for your sales you can take the payment and put it into undeposited funds. As the funds are deposited into your account you select them from the list of items to be deposited and make an adjustment for the merchant fee's as a negative number. Happy to set up a session to review this and other methods in more detail.

Happy Bookkeeping.

Janelle