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fulcherrentals
February 6, 2019
Solved

Clear overdue deposit?

  • February 6, 2019
  • 3 replies
  • 9 views

Hi everyone,

 

Fair warning that I am completely new to QB and do not have a business or accounting background .. I am learning as I go. Long story.

 

Anyway, I made my first bank deposits yesterday and I see two of them are listed as overdue (this has obviously messed with my QB vs. bank balance). How can I mark them as cleared and not overdue? Please note that I did not create any invoices related to this deposit - I entered the deposit independently to see if I could.

 

I am wondering - do I have to delete these deposits, invoice each component of the deposit, add it to a new deposit? 

 

Thanks!

Nicole A.

Best answer by Regina_Lend_A_Hand_Accounting

1. You should "Undo" any deposits added directly within your bank feed under Banking/In QuickBooks

2. You should create Invoices and Invoice Payments, OR Sales Receipts to match to your deposits. 

3. Deposits added directly to an Income Account in the bank feed have no Sale attached

4. Deposits added directly to an Income Account in the bank feed don't show up in the Sales/Customer transactions list

 

3 replies

Regina_Lend_A_Hand_Accounting
Regina_Lend_A_Hand_AccountingAnswer
Level 2
February 6, 2019

1. You should "Undo" any deposits added directly within your bank feed under Banking/In QuickBooks

2. You should create Invoices and Invoice Payments, OR Sales Receipts to match to your deposits. 

3. Deposits added directly to an Income Account in the bank feed have no Sale attached

4. Deposits added directly to an Income Account in the bank feed don't show up in the Sales/Customer transactions list

 

    F
    fulcherrentalsAuthor
    February 7, 2019

    This seems to have worked. I really appreciate it!

    S
    SterlingD
    February 6, 2019

    Welcome, @fulcherrentals and thank you for coming to the QuickBooks Community for assistance. I have some insight on overdue deposits to pass along.

     

    What @Regina_Lend_A_Hand_Accounting said is accurate, this is some great information.

     

    For any of those processes you aren't sure about, you can find tutorials here.

     

    Please remember, I'm always here for any other questions or concerns.

      A
      AileneAModerator
      Moderator
      September 22, 2022

      Hello, crystal-underber. 

       

      It's my pleasure to guide you with the steps on splitting deposit and how to clear them from overdue in QuickBooks Online.

       

      Through the Banking page we can split the deposit from there. 

       

      Here's how : 

       

      1.  Go to the Banking menu, then select the account where the transaction was deposited. 
      2. locate and click the deposit, then select Categorize and click the Split button. 
      3. Click Add lines to add more lines since you will be splitting the transaction.
      4. Enter all the details including the amount and payee and its category. 
      5. Click Apply and accept.

         

       

      Then Undo the deposits, and create an invoice to match the deposit. Deposits added directly to an Income Account in the bank feed don’t show up in the Sales/Customer transactions list. Doing this will clear overdue deposit.

       

      I've added this helpful article in case you need to reconcile an account to compare each transaction on your bank statement with transactions entered into QuickBooks.

       

      Come again should you have additional concerns. I'll be around to guide you some more.

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