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Level 1

Deposit

Quickbooks deposited two small amounts into my bank account so that I can verify the account to transfer money from my Quickbooks cash account to this bank account. What exactly I do with the transactions that were made into my account? Do I wait and they get credited back to QB? Or how do I file them? Thanks!!

Solved
Best answer July 16, 2020

Best Answers
Highlighted
Moderator

Deposit

Thank you for connecting with the Community, Steve C. QuickBooks will credit the amount back into your bank account, but you still need to verify the amounts. The charge will show on your bank statement as either  "QuickBooks: Verify Bank" or "Intuit: Verify Bank".

 

If you are using Intuit Online Payroll, follow these steps to test the transaction:

 

  1. Select To Do, then select Confirm your Test Deposit.
  2. Enter the test transaction amount in the boxes. There is no need to enter pennies with a dollar sign or decimal point.
  3. Click OK.

If you have a different online payroll service, use this article to find the instruction to verify the amounts. Once completed, you will be able to start using the service.

 

Please let me know how this goes. The Community and I will be on standby to answer your questions. Take care and enjoy your day.

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4 Comments
Highlighted
Level 4

Deposit

I would code it to wherever you plan on coding your Intuit transactions (i.e. Computer/Software, Subscriptions, etc.)

Highlighted
Level 1

Deposit

Even though it is a deposit into the account? And not an expense? Thanks for your help! Still strying to learn all of this!

Highlighted
Moderator

Deposit

Thank you for connecting with the Community, Steve C. QuickBooks will credit the amount back into your bank account, but you still need to verify the amounts. The charge will show on your bank statement as either  "QuickBooks: Verify Bank" or "Intuit: Verify Bank".

 

If you are using Intuit Online Payroll, follow these steps to test the transaction:

 

  1. Select To Do, then select Confirm your Test Deposit.
  2. Enter the test transaction amount in the boxes. There is no need to enter pennies with a dollar sign or decimal point.
  3. Click OK.

If you have a different online payroll service, use this article to find the instruction to verify the amounts. Once completed, you will be able to start using the service.

 

Please let me know how this goes. The Community and I will be on standby to answer your questions. Take care and enjoy your day.

View solution in original post

Highlighted
Level 4

Deposit

Yup. It is not part of your income and is basically treated as if it were a refund from a vendor. 

 

Hey, no worries :) That is what this is for! We all learn it at some point!!

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