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Ymtsenglee
August 20, 2020
Question

ATM Bank Deposit

  • August 20, 2020
  • 1 reply
  • 11 views

I had 14 checks that I had put into undeposited funds and then I went to the bank register to deposit the checks.  Then the bank feed came in and it was showing that while I deposited all the checks on one day, it was broken up into two separate bank deposits (due to the fact that the deposits were made at an ATM).  Should I be going into the bank register to split that deposit up into two separate deposits so I can match it to those two bank deposits?  Please advise.  Thank you.

1 reply

C
CharleneMaeFQuickBooks Team
QuickBooks Team
August 20, 2020

Hello there, @Ymtsenglee.

 

I'm here to ensure you'll record the deposits correctly in QuickBooks. QuickBooks Online (QBO) serves as a copy of the real-life transactions you've made. Since the checks were deposited separately into two banks, we'll have to do the same thing in QBO.

 

You may follow these steps to record bank deposits.

  1. Go to the + New icon and then select Bank Deposit.
  2. From the Account drop-down menu, choose the account you want to deposit the money.
  3. Select the box for the payment. Make sure the deposit total and selected payments match your deposit slip.
  4. Once done, click on Save and close.

 

For more details about the process, you can check out this article: Record and make Bank Deposits.

 

You may also want to consider reviewing your Undeposited Funds account periodically. Doing so can help you clear out any payments waiting to be deposited to keep your record accurate. I'll guide you how.

  1. From the Gear icon, select Chart of accounts.
  2. Find the Undeposited Funds on the list.
  3. Select View register.

 

Don't hesitate to click the Reply button if you have other QuickBooks concerns. We're always delighted to help.

Y
YmtsengleeAuthor
August 20, 2020

Maybe I wasn't clear but it was deposited into the same bank, just that when it was deposited from the ATM, there was a limit to how many checks you can deposit at once so it ended up being split to two bank deposits (two deposit transactions).  

Angelyn_T
Angelyn_TModerator
Moderator
August 20, 2020

Thank you for getting back to us here on the Community page, @Ymtsenglee.

 

Yes, you can split the deposits into two to match them to the entries from the Banking page. Or, delete the deposit previously recorded then recreate two deposits matching the deposit amounts made through ATM. To delete the deposit, open it then select Delete from the More tab.

 

For your guide when matching downloaded and manually added transactions in QuickBooks Online, check out the detailed instructions from this link.

 

Also, feel free to read the topics from our help articles in case you need references while working with QuickBooks in the future.

 

Post again if you have any other questions. I'm a few clicks away to help. Have a good day!

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