My business operates on a CASH BASIS (so no accounts payable/receivable etc.). The bank overcharged me for bank charges so they corrected the error by directly depositing the over-charged amount into my bank account. How do I record such a transaction in QB so that my books match the bank statement in this regard?
Let me help you record the overcharged bank transaction in QuickBooks Online (QBO), LabyDen.
We can create a deposit to record the overcharged amount back to your bank account in QBO. Each bank deposit creates a separate record in QuickBooks. Just make deposits one at a time for each of your deposit slips. Here's how:
Click the + New Plus icon.
Select Bank Deposit.
From the Account dropdown, choose the account you want to put the money into.
Choose the checkbox for each transaction you want to combine.
Make sure the total of the selected transactions matches your deposit slip. Use your deposit slip as a reference.