When payments are received/recorded/processed within Goodshuffle Pro, this will create a Payment Record within QuickBooks Online on the date the payment was made:
FAQ: Why do payments first land in Undeposited Funds?
Undeposited Funds in QuickBooks Online
Payments will always reflect as being deposited to “Undeposited Funds” as this is where the money first landed.
You can reference if a Payment has been Deposited in the top left of the Payment itself. (It’ll reflect the Deposit Date in blue text if deposited)
The Deposit Record will reflect the money leaving “Undeposited Funds” and into the “Goodshuffle Financial Account”
The Transfer Record will reflect the money leaving the “Goodshuffle Financial Account” and into the External Account (Checking/Savings Account).
This will lower the A/R as of the date when the payment was received:
To zoom in on the reporting side of QuickBooks Online, if I run an Accrual report on my Balance Sheet for 7/25/22 (when the payment was received), I will see that payment record within that report:
If I run an Accrual report on my Balance Sheet for 10/31/2020 (when the Invoice was dated, I will see the Invoice included in that report:
However, the Revenue Accounts (Product Rentals/Sales/etc) will only be reflected on the P&L on the date of the Delivery Date/Logistics Start when running off of Accrual:
If I try to run an Accrual P&L based off of the date of payment, I don't see any transactions during that time:
