need to speak to a rep about removing a transaction

If the direct deposit bounced due to insufficient funds, you’ll need to manually adjust the customer’s balance in QuickBooks. First, check if the transaction was recorded in Undeposited Funds or Bank Deposits, so you can create a journal entry to reverse it.

Alternatively, you can record a bounced check under Receive Payments, which will automatically update the balance. If the deposit is still showing in your bank feed, you may need to match or exclude it.

Hope this helps!

Managing a direct deposit with limited funds can be challenging, but it can be effectively handled by following the proper procedures in QuickBooks Online, @newenglanders4. It's essential to accurately record any adjustments in your records to maintain the integrity of your financial reporting.

Elijah is right. You can manually adjust the customer's balance and consider options such as creating a journal entry or recording a bounced check under Receive Payments. Additionally, it's crucial to match or exclude the deposit in the bank feed if it is still visible.

If you need to allocate a transaction between two accounting periods or correct a debit and credit error, refer to this article for guidance on reversing a journal entry to swap the debits and credits or to delete it entirely: Reverse or delete a journal entry in QuickBooks Online.

You may also explore QuickBooks Live Bookkeeping to streamline your accounting processes. This service can ensure accuracy in your financial records and provide expert support, allowing you to focus more on growing your business.

Just like balancing your checkbook, examine your accounts in QuickBooks to make sure they correspond with your bank and credit card statements. This article will guide you to regularly reconcile your accounts so they are in agreement with your bank and credit card statements: Reconcile an account in QuickBooks Online.

If you have any additional questions or concerns, please don't hesitate to visit the Community Space. You can click the Reply button below, and we will respond to offer further assistance as soon as possible. Take care!