about how to undeposited fund transfer to equity a/c

9130 3466 2688 0166 · ‎October 13, 2021

how to undeposited fund transfer to equity a/c

kindly open the attachment and then understand my point because its hit my bank . I want a transaction without hit my bank a/c. Thanks

9130 3466 2688 0166 · ‎October 14, 2021

Thanks for reply me EmmaM kindly perform the journal entry to show me how to without hit the bank account .

Actually I received business cash to owner bank a/c so how to make a entries of this transaction .

First I received cash to undeposited fund then I make a journal entry to owner a/c when I make a these two step then I go to bank deposited its show me the both of two entries with negative and positive balance that is show you the screen shot so how can i remove it in bank deposited.

I think that i create the Dummy Bank a/c then i select these two entries then save & close button, according to this step then its remove from the bank deposited . what you think about these step or different way to remove the entries ?

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EmmaM · ‎October 13, 2021

Hello 9130 3466 2688 0166 and Welcome to the Community, Once you have allocated the transaction to undeposited funds if you use that bank deposit option as it is usually only posted there if it is something which will be banked at some point so it will be looking for an asset account to post to usually however if you don't want the bank account impacted. The best way not to impact the bank account with a transaction would be to do a journal from the undeposited funds to the equity account. There are alternative ways however they are more complex to navigate.

9130 3466 2688 0166 · ‎October 14, 2021

Thanks for reply me EmmaM kindly perform the journal entry to show me how to without hit the bank account .

Actually I received business cash to owner bank a/c so how to make a entries of this transaction .

First I received cash to undeposited fund then I make a journal entry to owner a/c when I make a these two step then I go to bank deposited its show me the both of two entries with negative and positive balance that is show you the screen shot so how can i remove it in bank deposited.

I think that i create the Dummy Bank a/c then i select these two entries then save & close button, according to this step then its remove from the bank deposited . what you think about these step or different way to remove the entries ?

Ashleigh1 · ‎October 14, 2021

Hello 9130 3466 2688 0166, thanks for coming back to us, yes that would work what you have said.

9130 3466 2688 0166 · ‎October 15, 2021

Thank you Ashleigh

My issue was solved so thank you for reply me.

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about how to undeposited fund transfer to equity a/c