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Join nowHi, I have a client who has accidentally deposited a check for sales income into her savings account. She made a transfer between her savings and checking account. I matched the transferred income to the payments made on the invoices, but now I'm a little confused on how to handle the deposit in the savings account.
If I categorize the deposit as sales income, it will create a duplicate increase. What is the best way to handle this?
Solved! Go to Solution.
Hello there, @freepathva.
I appreciate the steps you've done and for providing the complete details of your concern. I'm here to share additional information on how to handle the deposits in the savings account.
You'll want to go to the Banking menu and Exclude the transactions from there. I'll guide you how:
Once done, these items are no longer reported as part of your business finances and will not appear in any associated account registers or reports.
I've got a great article for you that provides additional details on excluding transactions. You can view it by clicking this link: How to exclude expenses from downloaded bank transactions?
I've found a couple of articles that you can read to learn more about bank transactions in QuickBooks:
Please know that you're always welcome to post if you have any other questions about the bank transactions. Take care always.
Hello there, @freepathva.
I appreciate the steps you've done and for providing the complete details of your concern. I'm here to share additional information on how to handle the deposits in the savings account.
You'll want to go to the Banking menu and Exclude the transactions from there. I'll guide you how:
Once done, these items are no longer reported as part of your business finances and will not appear in any associated account registers or reports.
I've got a great article for you that provides additional details on excluding transactions. You can view it by clicking this link: How to exclude expenses from downloaded bank transactions?
I've found a couple of articles that you can read to learn more about bank transactions in QuickBooks:
Please know that you're always welcome to post if you have any other questions about the bank transactions. Take care always.
Thank you so much!
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