Quickbooks Online Credit/Debit of Sales and Deposits
Sales Transaction with credit card = debit "Undeposited Funds", credit "Sales" in the Quickbooks journal entry.
Lightspeed Processing>Bank Deposit>Quickbooks = debit "Cash", credit "Sales" in the deposit journal entry.
Shouldn't the auto bank deposit be crediting "Undeposited Funds" and not crediting more to "Sales"?
If so, what change do I make in Quickbooks to adjust? I have exhausted hours just looking for anything anywhere that mentions this scenario, if its correct and if not, how to fix it.
Then there's the whole reconciliation between what the credit card amount was at sale and what the processor deposit provides (net of fees).
Thank you so much in advance for your assistance!