How do you enter a New CD Deposit?

Hi, @lmulkey4007.

Open the chart of accounts, click NEW and select an asset account, name it upper right side, save

Use that account for the CD.

Here's how:

1. Go to Settings ⚙ and select Chart of accounts.
2. Select New. Depending on your account view, you’ll either see a panel labeled New account or New category. Select the option you see below for next steps.

It is advisable to consult with your accountant for guidance on how to proceed with this process.

I would like to share this article you to know how tocreate subaccounts to keep your chart of accounts organized: Create subaccounts in your chart of accounts in QuickBooks Online.

If you have any further questions about QuickBooks or anything else, please don't hesitate to ask. I'm here to assist you.

lmulkey4007@yaho 

Create a new bank account in QBO, not an asset account as suggested by @AldritchM since a CD is considered a bank account.  Then, if the funding for the CD is coming from an existing bank account in QBO, use the transfer function (New > Transfer) to fund it.  

I need a bit more explanation.  I am on Quickbooks Desktop Non Profit, deposited money into our bank account and then it was transferred out into a 6-month CD.  So, in trying to make a new Bank account to transfer the CD into like you mentioned above, what do I do where it asks for a bank account number and routing number?   

We appreciate you for adding your concern here in the thread, @zvilleccd. Let me guide you further with setting up a CD deposit inside QBDT. 

When setting up a CD deposit, it is essential to note that, unlike other bank accounts, there is no need to enter the Bank Account Number and Routing Number. These fields can be left blank since a CD deposit is a distinct type of bank account. Instead, the most crucial information to include when setting up a CD deposit is the tax line mapping and the account type. 

Moreover, I suggest reviewing this article and making it a reference in managing accounts inside QBDT: Add, edit, or delete accounts in QuickBooks Desktop. 

Don't hesitate to reply on this thread for more clarifications about CD Deposit in QuickBooks. I'm ready to help you. Have a good one!