We closed our revolving checking account and received a check from the bank for the funds that were in the account. How do I log these transactions in QuickBooks?

I'll help you get these transactions accounted with ease, @marylpark.

You can enter a journal entry to closed out your revolving checking account. You can debit Undeposited Funds for the amount of check and credit the checking account. 

1. Go to the + New menu.
2. Select Journal entry.
3. On the first line, select the Undeposited Funds account and enter the amount in the Debit column.
4. On the next line, select the other account you're moving money from. Enter the same amount in the Credit column.
5. Enter information in the memo section so you know why you made the journal entry.
6. Select Save and new or Save and close.

Then, follow these instructions to make your account inactive:

1. Go to the Gear icon and select Chart of accounts.
2. Find the account you want to inactivate.
3. Select the Action ▼ dropdown and select Make inactive.

After that, you can deposit your money where you want to put the money into.

However, I'd still recommend seeking professional advice from your accountant about this. They can help you properly handle this type of scenario. If you don't have one, don't worry! I can help run a search.

Here's how:

1. Visit the ProAdvisor site.
2. Enter your city or ZIP code in the Location field. It will display a list of accountants or bookkeepers near you.
3. You can also filter the service provided, industry served, and product supported to narrow down the results. 

Additionally, you can get more insights about the Chart of Accounts in this write-up: Learn about the chart of accounts.

I'm just around the corner if you need further assistance managing your banking transactions. Drop a comment below and I'll get back to you as soon as I can.

Hi @marylpark ,

Hope you’re doing great. I wanted to see how everything is going about moving your money out from your closed account. Was it successful? Do you need any additional help or clarification? If you do, just let me know. I’d be happy to help you at anytime.

Looking forward to your reply. Have a pleasant day ahead!

Worked perfectly. Thank you for your help.