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smollstub13
Level 2

Is there a way to correct deposit account in several sales receipts at once?

Hello,

 

My client recently switched banks, and there has been a delay in receiving some information from the old bank.  In processing Daily Sales through Sales Receipts....I have accidentally deposited to the old account on several days transactions.  I'm wondering if there is a way to correct this without having to re-enter each of those days?

 

Thank you,

Stacie

3 Comments 3
SelenaN
Level 3

Is there a way to correct deposit account in several sales receipts at once?

Hi Stacie,

Welcome to QuickBooks Community. QuickBooks Desktop Accountant is a great tool to get your client's books ready for tax purposes. Based on what you described, I recommend to use the Reclassify Transactions tool in QuickBooks Desktop Accountant. This tool can help you correct transactions which are assigned to wrong accounts or classes. Here is steps to reclassify transactions:

  1. Select a transaction or Select All.
  2. Select the  Account to checkbox to reclassify by account.
  3. Select the ▼ drop-down arrow next to Account to. Then, find the account where you want to move the transactions.
  4. Select the Class to checkbox to reclassify by class.
  5. Select the ▼ drop-down arrow next to Class to. Then, select a new class for the transactions.
  6. Select Reclassify.

I hope this helps.

If you have any question related to QuickBooks, feel free to reach out here.

khannaaj
Level 1

Is there a way to correct deposit account in several sales receipts at once?

You can either edit each sales receipt by changing the"Deposit To" new bank account. However, if there are several sales receipts, you can run a report (profit and loss)for the period and find the total sales, filter it by deposits into a previous bank account and then post a general journal entry to transfer the funds from one account to another.

The first method fixes the problem but it may put your bank reconciliations to unreconciled status again and it will need to be reconciled again.

Tammy_H
QuickBooks Team

Is there a way to correct deposit account in several sales receipts at once?

Hi smollstub13,

 

It's great to hear from you again. As a QuickBooks Desktop Accountant user, you have additional features you won't find in most desktop products, and these are your accountant tools. Using your accountant tools, you can reclassify transactions that aren't linked to other transactions or use account payable or receivables accounts. SelenaN has done a great job providing you with the steps for reclassifying your client's transactions. I want to share the article if you'd like to review them in more detail: Accountant tools: Reclassify your client’s transactions

 

I'm sure that you'll have no issues completing this. If you do need a helping hand, I'll be here. Have a fabulous day!

 

 

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