cancel
Showing results for 
Search instead for 
Did you mean: 
NCCC2021
Level 1

Deposit

Please help.  I accidently deposited another entities funds into my Quickbooks account.

 

Which expense and income account should I hit.

 

I already made a deposit to my bank account and will be cutting a check to the correct entity, but which accounts should I classify the transactions under in the general ledger?

 

1 Comment 1
Rustler
Level 15

Deposit

Use Other Income for the source account for the deposit

Use Other Expense for the expense account on the repayment

on the P&L they will cancel and there will be no effect on your books

Need to get in touch?

Contact us