cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Not applicable

If all of my income is through direct deposits into my bank for services I provide, what is the best way to enter this income? I dont issue invoices

 
1 Comment
QuickBooks Team

Re: If all of my income is through direct deposits into my bank for services I provide, what is t...

Hi dlangford222,

 

Welcome to QBCommunity!

 

In your situation, I would recommend recording the direct deposits as a Bank Deposit. To do this:

  1. Select the Plus Icon on the top-right of QuickBooks.
  2. Select Bank Deposit under the Other column.
  3. Select the bank account you want to deposit to under Account, and record the date of the deposit in the Date section. 
  4. In the Add Funds to this Deposit section, select the Chart of Account that the deposit is categorised to in the Account section, and then enter the description, payment method, reference number, amount and GST code if applicable.
  5. Save and close.

You can also make use of the Undeposited Funds account to allocate separate customer payments with Bank Deposits you make as well. Here is an article that outlines how to do that: https://quickbooks.intuit.com/learn-support/en-us/help-articles/what-are-bank-deposits-in-quickbooks...

 

Hope this helps!

 

Bonny