Let me welcome you first to the Community, tindalfamilyfarm.
Keeping accurate records of your sales transactions is crucial for managing your cash flow effectively. Allow me to provide you with some solutions that can help you address this matter correctly.
Based on the scenario, you'll have to create the invoice if you wish to include the grain in your sales. Then, modify the posting account for the deposit to Accounts Receivable (A/R) to associate it with the invoice. This will help maintain accurate records and prevent errors during account reconciliation.
Here's how:
- In your company, head to the Transactions menu on the left panel and select Chart of Accounts.
- From the list, look for the bank account where the deposit is associated and tap the View register link to see more details.
- Find the deposit and click on it to expand the line item.
- Press the Edit button to see the transaction details.
- In the Account column, click the drop-down and select Accounts Receivable (A/R).
- Tap the Save and close button for the changes to take effect.
You can explore this reference for more details about the process: Link a bank deposit to an invoice in QuickBooks Online. It will provide you with insights on what to check before troubleshooting.
However, you have the option to leave the deposit as is if you're not item-sensitive. For more in-depth information about managing deposits, refer to this article: Record and make bank deposits in QuickBooks Online. It also offers a detailed explanation of how to incorporate bank fees and consolidate deposits.
As always, I recommend reaching out to your accountant for guidance on how to address your issue effectively. They can provide the most suitable method to maintain the accuracy of your financial records.
In the future, utilize these resources to help with inventory management, customer payments, and troubleshooting inventory issues. Click on each link for complete details:
Should you have any more concerns or questions about tracking items in QBO, don't hesitate to get in touch with me. I'm always ready to lend a hand and provide the support you need. Enjoy the rest of your day, tindalfamilyfarm.
