Transactions not on bank statement

I know a way on how to record the transactions in QuickBooks, tsva2008.

Since the transactions are internal records, we can enter them as journal entries. I'll guide you how.

1. Go to the + New button.
2. Select Journal entry.
3. On the first line, select an account from the Account field. Then, enter the amount in the correct column.
4. On the next line, select the other account you're moving money to or from. Depending on if you entered a debit or credit on the first line, enter the same amount in the opposite column.
5. Check the amounts - you should have the same amount in the Credit column on one line and the Debit column on the other. This means the accounts are in balance.
6. You can add details in the memo section so you know why you made the entry.
7. Once done, click on Save and close.

I'd also recommend reaching out to your accountant, so you'll be guided with the process. If you don't have one, we can help you find a ProAdvisor.

I've also added these article that'll help you ensure your books are accurate:

• Debit vs credit
• Reverse or delete a journal entry
• Print a journal entry report

I suggest getting back to this thread if you further assistance in managing your transactions in QuickBooks. I'm here to help you out.

Hi tsva2008,

Hope you’re doing great. I wanted to see how everything is going about manually recording the transactions by creating journal entries in QuickBooks Online you had yesterday. Was it successful? Do you need any additional help or clarification? If you do, just let me know. I’d be happy to help you at anytime.

Looking forward to your reply. Have a pleasant day ahead!

So should I debit the concession expense account and credit tuition account? or the other way around?

Hi there, @tsva2008.

It's my priority to ensure that you can keep your records accurate in QuickBooks Online.

To help you in determining which account needs to be debited and credited, I suggest reaching out to your accountant. They'll be able to provide you the best course of action for your business, especially in dealing with Journal Entries.

You can also visit this link to get in touch with our accountants: Find an accountant or bookkeeper who loves your business as much as you do.

Once you've confirmed the accounts to be debited and credited, you can proceed with creating the JE by following the steps shared by my peer above. 

I'm also sharing this reference to give you more details on how to generate and manage Journal Entries in QBO: Learn how to record journal entries in QuickBooks Online.

Know that my doors are always open to assist you if there's anything else that you need. Just leave a reply below and we'll take it from there. Have a lovely day!