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I am using Quickbooks for school and have to deposit checks. Under the plus or settings should be a "deposit checks" but there is not for me..... any insight?
It's great you're using QuickBooks for school! I'll be happy to steer you in the right direction so you're able to complete your school work with ease.
When you deposit money at the bank, you often deposit payments from multiple sources all at once. Your bank usually records everything you deposited as a single record with one total. If you enter these same payments as individual records in QuickBooks, they won’t match your deposit.
In these cases, QuickBooks has a special way for you to combine everything so your records match your real-life bank deposit total. Put transactions you want to combine into your Undeposited Funds account. Then record a bank deposit to combine them. I'll show you how to record bank deposits in QuickBooks Online.
Step 1: Put transactions into the Undeposited Funds account
If you haven’t already, put the invoice payments and sales receipts you want to combine into the Undeposited Funds account. This account holds transactions before you record a deposit.
If you're using Online Payments, QuickBooks takes care of everything for you. Once payments are processed, QuickBooks moves the transactions into your accounts. You can see your pending payments on the Bank Deposit screen. However, if you ever need to combine payments received outside of QuickBooks Payments, you’ll make a Bank Deposit using the steps in this article.
Step 2: Record a bank deposit in QuickBooks to combine payments
Each bank deposit creates a separate record. Make deposits one at a time for each of your deposit slips.
Select + New.
Select Bank Deposit.
From the Account drop-down▼menu, choose the account you want to deposit the money into.
Select the box for each payment you want to combine. Make sure the deposit total and selected payments match your deposit slip. Use your deposit slip as a reference. Remember, only select payments you need for each deposit.