Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
I just started using QBO instead of desktop for the trust accounts.
I created trust liability sub account for each client.
Doing a deposit I use a sales receipt for each clients payments into their trust liability account.
My problem is that I do lots of payments for different clients. So if each payment looks likes a single deposit. This is going to stress me out when I go to reconcile and they are all together. Any other ideas?
Hello, MK Vande.
When you deposit money at the bank, you often deposit multiple payments from sources all at once. The bank usually records everything as a single record with one total. If you enter the same payments as individual records in QuickBooks, they won’t match the way your bank recorded the deposit.
In these cases, QuickBooks has a special way for you to combine transactions so your records match your real-life bank deposit. Put transactions you need to combine into your Undeposited Funds account. Then use the bank deposit feature to combine them. Here’s how to record bank deposits in QuickBooks Online.
Combine transactions in QuickBooks with a bank deposit. Each bank deposit creates a separate record in QuickBooks. Make deposits one at a time for each of your deposit slips.
Here's where you can learn more about recording bank deposit in QuickBooks Online: How to Record Bank Deposits in QuickBooks Online.
Always feel free to visit us here in the Community if you have other questions. I'm just a few posts away. Stay safe!
That is what I do when depositing into the office account.
However in an attorney trust account all the money goes into a client liability account as a sub account of the Trust Liability account. In QBO different accounts, in real life one bank account.
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