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

Deposits

When I add a deposit in, it won't let me put it in there as sales in the account. It then credits the money and then debits it also. I can only change it by going to the register and editing it on there. 

2 Comments 2
AileneA
QuickBooks Team

Deposits

Hello, Janroush. 

 

Thank you for visiting the QuickBooks Community. In QuickBooks, before recording a deposit, you must create the Sales receipt or payment of the customer to Undeposited Funds. This account serves as a holding account before creating a bank deposit.

 

When you record a deposit, you have to toggle the correct sales account into the deposit form. However, if it's an online payment, you don't need to deposit it. It will automatically flow to your Banking page. You'll just need to match the transaction in sales.

 

Also, how do you record the deposit (banking, deposit transaction, or within the register), and what happens when they choose a sales account?

 

  1. Go to the + New button and select Bank Deposit.
  2. Select the box on each transaction that you'd like to include in this bank deposit.
  3. Choose the bank account where you'd like to deposit this under the Account drop-down.
  4. Enter all the necessary information.
  5. Click Save and close once you're done.

 

To know more about this, check these articles: 

 

 

Additionally, I'm adding this article to see detailed steps on how you can reconcile your accounts so they always match your bank and credit card statements: Reconcile an account in QuickBooks Online

 

Keep me posted in the comments if you have other concerns about managing your deposit transactions in QBO. I'll gladly help. Take care, and I wish you continued success, Janroush.

my-answer-is-nonsense
Level 5

Deposits

@Janroush 

 

There are two account fields that you need to fill in on a deposit. One is at the top, where you choose your bank account and the other is in the Add funds to this deposit section, where you choose your sales account.

 

The deposit will debit the bank acc and credit the sales acc.

Sign in for expert help
Ask questions, post replies & join our community of QuickBooks users.

Need to get in touch?

Contact us