Venmo

MKDebMKDeb Member Posts: 1

If I receive money from someone in venmo and transfer those funds into my checking account, how do I account for that?

edited October 21, 2020 in Accounting Technical Support

Comments

  • BarsinBarsin Member, Moderator Posts: 2,041 ✭✭✭

    Hey there @MKDeb

    I think the best method here would be to actually create your Venmo money in transit asset account in Wave and show the income deposit land there first, then create a transfer transaction to debit the funds and move them into your business checking account!

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