Hello there, kay-srg.
When recording a wire transfer, the deposited transaction will show up in the Journal report.
If this wire transfer is for bank fees, you'll be entering it as negative in the Bank Deposit feature. This is also how it works when the money will be transferred into your account.
I recommend checking this article for additional details: Record a wire transfer depends on the purpose of the wire transfer. This includes information on how you should record the wire transfer, depending on your situation.
If you want to clear negative entries from Undeposited Funds and the Bank Deposit screen, you can create a journal entry to offset. Here's how:
- Go to the +New button.
- Under Other, select Journal Entry.
- Enter the transaction date in the Journal date field.
- On the first line, in the Account column, select the Undeposited Funds account.
- In the Debit column, enter the single line deposit amount.
- On the second line, in the Account column, select the bank account.
- In the Credit column, re-enter the single line deposit amount (if it does not already appear).
- Then, Save.
Once done, go back to the Bank Deposit section. Make sure you select the payment and the Journal Entry you created. The total should appear as zero. Afterward, you can then save it.
Also, you can customize QuickBooks reports to easily review the transactions you need. Check these articles for more guides:
Please let me know if you have other questions. I'm willing to assist you anytime. Take care always.
