Grubhub only deposits to your bank account once a week on Wednesday.
They take your sales from Tuesday to Monday, then set up the deposit for Wednesday.
We post your sales, sales tax, and tips from Grubhub as a daily summary each day, and remove the fees on the sales date which is when we get that data. What is left over is what Grubhub owes you. It looks like this:
What Grubhub owes you is in your Grubhub Expected Deposits clearing account. When the deposit hits, we clear out that account for the Tuesday-to-Monday amount due before any adjustments.
The deposit journal entry looks like this: