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Ajoye-BCRC
Level 1

deposits

We just switched from QB desktop to online version.

 

The receptionist did a remote online deposit to our bank as usual.   It shows up as a single deposit...i clicked on it to see if I can assign the different amounts to the 4 donors...but only see can assign one vendor/donor.

how do I fix this entry?

 

do I have to create a Sales Receipt and then somehow assign it to that deposit?   

 

Arlene

1 Comment 1
jamespaul
Moderator

deposits

Hello, Arlene. 

 

I'll help you out in handling the deposit in QuickBooks Online. 

 

There's no need to create a sales receipt since this might duplicate your income or sales. 

 

Make sure you've added your donors or vendors in QuickBooks Online. If they weren't imported during the switch, you'll want to move them manually. This might be the reason why you're only seeing a single vendor or donor. 

 

Export them from QuickBooks Desktop, then import the file to the Online version

 

After adding your vendors or donors, you can go ahead and take care of the deposit. Though, it depends on how it is recorded in QuickBooks. 

 

Are you trying to record it through the Online Banking feature? If that's the case, here's how you can properly assign it to your donors or vendors: 

 

  1. Go to the Banking page. 
  2. Find and select the deposit, then select the Categorize button. 
  3. Click the Split transaction link. 
  4. Under the Received From column, add your vendors or donors. 
  5. For Category, add the accounts where you want to track the deposit.
  6. Split or calculate the amount.
  7. Once done, click Apply and confirm

 

split1.PNGsplit2.PNG

 

However if it's through the Bank deposit feature, you'll want to manually categorize the deposit and split it between your donors or vendors: 

 

  1. Click the + New button, then select Bank deposit.
  2. Under Add funds to this deposit, add the donors or vendors.
  3. Select the account where you want to track the deposit. 
  4. Add the amounts.
  5. Enter other information such as memo and description.
  6. Once done, click Save and close

 

If you need more help with your deposits, this article can provide more details about how to record them: How to Record Bank Deposits in QuickBooks Online

 

Do you need help reconciling your accounts in QuickBooks Online? I'm sure you'll find this article helpful: Reconcile an account in QuickBooks Online

 

Would you like to know more about handling your transactions in QuickBooks? Please let me know the details below. I'll be around to help. I can also assist you with any other processes in the program.

 

I hope you'll have a wonderful weekend! 

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