I erroneously made a bank deposit from Account A back into Account A when it should have gone into Account B. I am trying to reconcile the bank statement with QuickBooks, showing the deposit from "A" into "A" so that I can check it off and reissue but it will not allow me to use the same financial accounts on the deposit form.
Any suggestions? I am a newbie to QuickBooks and this one has me stumped.
I'd like to help you with the deposit, but I need more details from it. Did you write a check or created a journal entry to deposit an amount from Account A to Account A?
When recording a bank deposit in QuickBooks Desktop, you will need to select the account (Account A) you want to put the deposit into from the Deposit to drop-down. Then, from the From Account column, choose the account (Account B) where the money is coming from.
The issue I have is I wrote two checks from Account "A" that were deposited back into Account "A". So I cannot use a deposit slip showing From Account A to Account A, which is what my bank statement shows. I was trying to balance my bank statement with the QB entries but the bank statement shows the two written checks and the deposit whereas QB does not. I have reissued the checks and deposited them into the correct Account "B" but I don't know how to clear the checks/deposit for reconciliation purposes.
I'm sure there is a simple fix but I just haven't realized it yet.
Thanks for sharing the detailed information, @ohioei.
Since you're unable to select the same account on a Bank Transfer transaction, you'll want to follow the workaround shared by my colleague. This way, it will post to Account A as what should be on your bank transaction.
You may follow these steps to make a bank deposit:
Go to the Banking menu and then select Bank Deposits.
On the Deposit To drop-down menu, select Account A.
From the From Account column, choose Account B where the money is coming from.