Help CenterManually Recording Deposits through RECUR360PAY and MerchantTrack - QuickBooks Desktop
Now that your RECUR360 account is connected to RECUR360PAY, you will see a new menu in the left column of RECUR360 called "$ RECUR360PAY MerchantTrack"
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- When you click on RECUR360PAY MerchantTrack a new Tab will open in your browser taking you into MerchantTrack which is our dashboard to find all transactions you've processed as well as Credit Card and ACH Funding Summaries
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- We also have a Report in RECUR360 named RECUR360PAY Transaction Sync History which syncs twice daily to show you the Status of your Transactions (Batched, Settled, Funded)
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- All payments processed through RECUR360/RECUR360PAY will show here and will provide what the current status is of the transaction(s).
- This report gets updated at 6 AM and 6 PM each day and can be upated in the Left Panel by clicking Sync RECUR360PAY.
- The statuses are "Batched" - When a payment is initially processed; "Settled" - After the transaction(s) in a batch are Settled (usually one buiness day later); and "Funded" - Usually one business day after settlement.
If you click on the Funded ID, MerchantTrack will open in another browser tab and take you into that Funding Summary
Transactions Report
Funding Summary Deposits
To see Deposits into your Bank Account, you'd go into Recent Funding Activity:
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- Similar to the Transactions Report, you can set a Start and Date range under Funsing Summary Parameters
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- Here you will see a list of all Deposits of Transactions, less any Fees, separated by Credit Card and ACH. You will also see monthly fees taken from your account as well as any Refunds on their own:
Click into any Funding ID, then switch to your QuickBooks to make a deposit and select the same Payments to Deposits that are listed in that Funding ID.
Making Deposits in QuickBooks Desktop
Each Transaction in the Funding Detail Report has a corresponding Transaction ID that shows under the "NO." field in the Payments to Deposit Window.
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- This is how you know which ones to select.
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- Now if you are on "Daily Net Settle" as opposed to "Daily Gross Settle", with Daily Net Settle your fees come out daily and you need to reduce the deposit by the total of the daily fees.
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- Click Save&New and repeat for another day's Funded/Deposit