Good day, duy1. Nice to see you here! Let me show you how to make a partial bank deposit in QuickBooks Online. We're unable to do a partial deposit if you recorded the $10,000 as one transaction. For us to do this, we'll create at least two invoice payments for the 5 invoices. The first one should worth $1,000 and we can deposit it directly to the bank or to Undeposited Bank, then create a bank deposit. You can follow these steps:Go to the +New button and select Receive Payment.Select the Customer and enter all details needed.From the Outstanding Transactions, choose an invoice you want to apply the payment to.Enter an Amount received and choose a Deposit to account.Click Save and close.You can do the same process for the remaining $9,000. Here are the articles for more details about the deposit:Record invoice payments in QuickBooks OnlineRecord and make bank deposits in QuickBooks OnlineComment below if you have more questions. Stay safe and healthy!

A

Anonymous

Question

How do i do a partial deposit? For example, i have about 5 invoices paid via PayPal for $10,000. I only deposit $1000 of that. How do i asssign invoices to deposit slip?

Forum|Forum|5 years ago
September 30, 2020
1 reply
18 views

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QuickBooks Online

AlexV

Level 10

Good day, duy1.

Nice to see you here! Let me show you how to make a partial bank deposit in QuickBooks Online.

We're unable to do a partial deposit if you recorded the $10,000 as one transaction. For us to do this, we'll create at least two invoice payments for the 5 invoices.

The first one should worth $1,000 and we can deposit it directly to the bank or to Undeposited Bank, then create a bank deposit. You can follow these steps:

Go to the +New button and select Receive Payment.
Select the Customer and enter all details needed.
From the Outstanding Transactions, choose an invoice you want to apply the payment to.
Enter an Amount received and choose a Deposit to account.
Click Save and close.

You can do the same process for the remaining $9,000. Here are the articles for more details about the deposit:

Comment below if you have more questions. Stay safe and healthy!

A

Anonymous

So the 5 invoices can be like this:

(2118, 845, 4503, 602, 3090)

When we received the money, i assigned the payment type as PayPal and then set it to "Undeposit Funds". When I deposit into paypal, it might be in multiple deposits that do not match the invoice neatly. I just can't figure out how to create "deposit slip" into my bank so those invoices don't just show up as "Paid (not deposit)"

C

CharleneMaeF

QuickBooks Team

Allow me to share more details in creating a partial deposit, duy1.

When receiving payments in QuickBooks Online, you don't have to use Undeposited Funds if you already select your PayPal bank account. Doing so will duplicate the process and entries.

If the sales are from PayPal, you'll have to directly deposit the amount to the bank. Then, make a bank transfer once you'd like to move the funds to your business bank. I'll guide you how.

Go to the + New icon and then select Transfer.
On the Transfer Funds From the drop-down list, select the bank account that the funds are coming out of.
From the Transfer Funds To drop-down list, select the bank account the funds are being deposited into.
In the Transfer Amount field, enter the amount being transferred.
Edit the Date.
Once done, click on Save and close.

I've included an article that will guide in using Undeposited Funds in your future task. This is to ensure your records are accurate: Undeposited Funds Account in QuickBooks Online.

We're always here to assist. For other QuickBooks related concerns, let us know.

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