I am hoping some other newbie has made the same mistake as I have.
We started Quickbooks desktop pro in the beginning of August. I set up the bank with direct feed.
I downloaded all of the transactions and reconciled both August and September. Feeling good about everything, I then noticed that I had 82 items in my deposits to record.
So I did some research and saw that I needed to record these deposits. Feeling accomplished I was almost done recording and I had to look something up so I got out and went into my register only to realize that these deposits that I was recording was increasing my register balance. Oh no!!
How do I correct this mistake? I realize I did this backwards. Kind of like putting the cart in front of the horse.
Qnyine have any suggestions for how to fix this? I don’t want to create a bigger mess than I already have.
Solved! Go to Solution.
RE: How do I correct this mistake?
Delete the duplicate deposits that don't contain the transactions from Undeposited Funds.
Then, in the future, record the deposits you created from your payments before downloading detail from your bank, and the Bank Feeds feature will then likely match up the bank's activity with the transactions you've recorded in QuickBooks - and so not duplicate the deposits.
RE: How do I correct this mistake?
Delete the duplicate deposits that don't contain the transactions from Undeposited Funds.
Then, in the future, record the deposits you created from your payments before downloading detail from your bank, and the Bank Feeds feature will then likely match up the bank's activity with the transactions you've recorded in QuickBooks - and so not duplicate the deposits.
Thank you so much for your assistance.
It worked beautifully.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
For more information visit our Security Center or to report suspicious websites you can contact us here