How can I register an ACH deposit from a client through a JE?

rigojr-hotmail-c · ‎September 25, 2024

Hi QB Community! I hope you're all doing well.

I come seeking guidance as you are very knowledgeable.

My employer needs me to register a deposit from a client through a JE, since there's no invoice.

Creating an invoice is not an option because the service was rendered on behalf of his other company which has borrowed working capital. So this deposit would be a reimbursement.

Please your guidance on How can I accomplish this?

Thanks in advance!

GenmarieM · ‎September 25, 2024

It's nice seeing you here in the Community space, rigojr-. Allow me to provide insights about recording a deposit using Journal entry in QuickBooks Online (QBO).

When recording a deposit through Journal Entry, it is advisable to reach out to your accountant for the accuracy of your financial records. In the meantime, I also suggest using a bank deposit as a reimbursement.

Here's how:

Go to +New, then click Bank Deposit.
From the Account dropdown, choose an account you want to put the money into.
Hit the Add funds to this deposit dropdown.
In the Received from column, choose your customer.
Select an account under the Account column.
Enter the Description, Payment method, and Amount.
Once done, click Save and close.

Moreover, I've added this article as your reference for account reconciliation in QBO: Reconcile an account in QuickBooks Online.

Shoot me a reply if you have other questions or need further guidance about your deposits, invoices, and other QuickBooks-related tasks. The Community is always here 24/7 to lend a hand.

View solution in original post

GenmarieM · ‎September 25, 2024

It's nice seeing you here in the Community space, rigojr-. Allow me to provide insights about recording a deposit using Journal entry in QuickBooks Online (QBO).

When recording a deposit through Journal Entry, it is advisable to reach out to your accountant for the accuracy of your financial records. In the meantime, I also suggest using a bank deposit as a reimbursement.

Here's how:

Go to +New, then click Bank Deposit.
From the Account dropdown, choose an account you want to put the money into.
Hit the Add funds to this deposit dropdown.
In the Received from column, choose your customer.
Select an account under the Account column.
Enter the Description, Payment method, and Amount.
Once done, click Save and close.

Moreover, I've added this article as your reference for account reconciliation in QBO: Reconcile an account in QuickBooks Online.

Shoot me a reply if you have other questions or need further guidance about your deposits, invoices, and other QuickBooks-related tasks. The Community is always here 24/7 to lend a hand.

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How can I register an ACH deposit from a client through a JE?

How can I register an ACH deposit from a client through a JE?

How can I register an ACH deposit from a client through a JE?

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