Hello there, mrsstoll.
I have the information you need to handle funds deposited to the wrong account.
In QuickBooks Desktop, you can write a check for the transfer to reduce your register's balance on the company where the funds were mistakenly deposited.
On the other hand, create a bank deposit and utilize it to pay the invoice in the appropriate company. With this, you'll need to remove the current invoice payment.
To begin with, here's how you can create a deposit:
- Go to the Banking menu, then Make Deposits.
- Select a payment to include in the Payments to Deposit window and click OK
- Once on the Make Deposits window, choose a bank account in the Deposit To dropdown.
- From the Received From column, choose the customer from your invoice.
- Select the Accounts Receivable in the From Account column.
- Enter the exact amount, then Save & Close.
After that, let's pay the invoice using the deposit with these steps:
- In the Customers menu, click on Receive Payments.
- Select the invoice, then Discounts and Credits.
- Choose the created deposit and hit Done.
- Click Save & Close.
Moreover, you might want to review these resources to help you review your transactions to keep your book accurate:
Feel free to update us in the thread if you have additional questions when recording transfers and deposits or other related concerns in QuickBooks Desktop. We'll be around to help.
