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Thanks for posting this to our care, missgtcolo@gmail.
When receiving checks from your customers/clients, you'll have to deposit them to your actual bank. By connecting your bank account to your QuickBooks Cash account, you can transfer the money into the QuickBooks Cash account.
To keep track of the money movement, you can record the deposit in QuickBooks Online (QBO). You'll have to choose the Add funds to this deposit option from the bank deposit window and select checks as the payment method.
Here's how:
If these checks are invoice payments, make sure you pay the invoices in QBO and deposit them to the bank. Once done, you can create a transfer to show that you've moved the money to your QuickBooks Cash account. Thus, making sure that you've tracked the transactions from your actual bank. You can follow this process when you're recording and moving the money manually in QuickBooks.
You can reference this article that provides more details about the process: Record and make bank deposits in QuickBooks Online.
I'll be right here if you have additional queries with the QuickBooks Cash processes. I can assist you anytime. Have a safe day ahead!
The purpose of opening up my business checking account with QuickBooks cash was so I wouldn't have to open up another bank account or utilize my personal account at Wells Fargo.
Hi there, missgtcolo@gmail.
Thank you for coming back to the thread to add further details about your concern. With this, I'll share extra information on how depositing checks into a Quickbooks cash account works.
If the checks that you're referring to are from your clients, you'll have to deposit them first to your bank. Then, transfer the amount to your QB Cash account. This way, you're able to deposit the entry to the account you want to use. To ensure your recording of the money movement is in shipshape, you'll need to manually record the deposit in QuickBooks Online that provided by my peer Jovychris_A. Then, there are no fees for transferring money. To get more details about this, you can click this article: Learn more about QuickBooks Cash accounts and the Cash Flow menu.
If those checks are invoice payments, make sure you pay the invoices in QuickBooks Online. Then, deposit it to the bank. From there, you can create a Transfer to show that you've moved the money to your QuickBooks Cash account. Please note that this is for tracking purposes and you still need to do it in your actual bank account.
Please refer to this article to view different details on how the cash flow chart on your QuickBooks Online homepage summarizes your cash flow that shows the money coming in and going out of your business: How QuickBooks calculates your cash flow.
Don't hesitate to get back here if you have other questions or concerns about managing your QuickBooks Cash account in QuickBooks. I'm always here to help. Have a good one.
You still have not answered the question the woman had about not having to have another bank account the way you guys do this makes absolutely no sense I'm now going to cancel my Green Dot Intuit bank account and get a real Bank
Hello, ecoastconstruction.
I can certainly understand how it could be easy and hassle free from not entering another bank account in QuickBooks. However, for us to successfully transfer your funds to the QB Cash account, you'll need to deposit them first to your bank account. This is the reason why you need another bank account.
I've additionally included a helpful resource where you'll be able to find more information about using QuickBooks Cash: Use your QB Cash account.
If you need further assistance with QuickBooks Cash or have questions in mind regarding QuickBooks, please let me know. I'll stick around to help you out.
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