How to nullify an ACH test deposit that was never reversed.

Creating a misc account won't clean up the mess. It will only move the mess. I want to eliminate the 96 cent line item from reports. If I move the 96 cents from the bank fees account to a new "miscellaneous" account, it will still show up on reports and it will still be added to net income. I'm not sure the bank would appreciate me considering their 96 cents as income. :smileyhappy:

Can I do a transfer? Can I simply transfer the 96 cents from the bank fees account to the checking account? Then make a note in the memo box that the bank never reversed the test deposits and leave it at that. This will remove a perpetual line on my reports that contains nothing but 96 cents. It will probably still be added to net income but I can live with that. The bank will just have to get over it. :robotsad:

Is there a way to remove it from reports and also have it not be added to net income? Maybe just "write it off" (I don't know how to do that).

Hello, Sgfee123.

The ACH test deposits are reversed within 3-5 banking days. You don't need to create any adjustments to correct it. You'll want to contact QuickBooks Payments support to have this reversed instead.

Here's how to contact them:

1. Open this link: https://community.intuit.com/products/quickbooks-payments-help-en-us.
2. Choose QuickBooks Desktop Payments.
3. Scroll down, then click Contact us.

You're always welcome to post in the Community if you have other concerns. 

The ACH transfer link was not a Quickbooks link. It was an ACH link I set up last November between my personal bank and my business bank. It had nothing to do with Intuit Quickbooks. For whatever reason, my personal bank never "automatically" reversed their deposit. When I called my personal bank, they said: "Keep the money and have a nice day". I'm willing to keep the money. I just don't know how to reconcile it in Quickbooks so that I don't see a perpetual line item on my reports for 96 cents and a net income that is a little "off".

 I can honestly tell you that I’ve never seen a bank not take the withdrawal piece.  You may want to check and look in bank fees. Maybe you posted it there. Sometimes it comes in two separate withdrawals  that equal the deposit.

I have carefully looked at my Nov, Dec & Jan bank statements. There is no withdrawal of the 96 cents (or any portion of it). Quickbooks automatically rolled the 96 cents into retained earnings at the end of the year. It is not on the 2019 Balance and P&L reports so I am not going to worry about it any more.

The bank that never reversed the test deposits is Capital One Bank. I have set up other ACH links with Capital One in the past and they have always reversed the deposits after a few days. Don't know why they didn't do it this time.

Thank you both for your time and help.

Steve