Wisetack Financing Guide

1 - Create a Wisetack payment method. 

• Control Panel > Payment Options > Add

  

  

2 - Record the invoice as paid in FULL with this method

Bookkeepers:

1. In QBO, post a payment on the customer account against the invoice for the received amount directed towards Undeposited Funds. The date of the transaction should match the date it was received.
2. Credit the remainder of the invoice in QBO (Enerbank fee amount) to close the invoice and have the credit hit the Merchant Fees account as a finance charge.
3. Once the invoice is closed on both sides, the payment in the received amount should be sitting in Undeposited Funds to deposit into your business bank account. The deposit recording this payment should match the date the payment settled into your bank account and include any other transactions included in the settlement amount (found in your merchant reports from your credit card processor).