Bank deposit wrong account

Thank you for bringing this matter to the Community forum, Margaret. To correct a payment that was mistakenly recorded in the Savings account instead of the Checking account in QuickBooks Online, you can easily update the deposit transaction and assign it to the correct account.

Follow these steps to locate and edit the transaction:

1. Sign in to QuickBooks Online.
2. Navigate to Accounting in the left menu, then choose Chart of Accounts.
3. Locate the Savings account and select View register.
4. Find the relevant transaction, click on it, and hit Edit.
5. In the field labeled Deposit To, update the account from Savings to Checking.
6. Verify that all other details are accurate before proceeding.
7.  Record and close the updated transaction.

Once you’ve successfully updated the transaction, it will reflect in the correct account. With this adjustment completed, you’re all set to begin reconciling your accounts in QuickBooks Online.

We understand how important it is for you to manage your business confidently, so never hesitate to ask for help if you need further assistance. Whether it’s guidance with reconciliation or any other QuickBooks-related queries, we're here to help you every step of the way. Thank you for trusting us with your question, and we appreciate the opportunity to support your business journey!

Hi Margaret,

Just checking in to see if the solution we shared worked for you.

Please let us know if everything is now working smoothly or if you're still experiencing any challenges.

We’ll be glad to assist further if needed.