Yes, you need to create a bank deposit entry, Chris4242. I'll guide you on how to do this so you can manage your bank transactions accordingly.
When receiving payment for an invoice that goes to your undeposited funds, you'll have to make a bank deposit to match it to the bank feed. Here's how:
- Select + New and choose Bank Deposit.
- From the Account dropdown, choose the account you want to put the money into.
- Click the checkbox for the payment to deposit.
- Select Save and close.
Afterward, go to the Bank transactions menu to categorize and match your bank feed deposit to the existing entry.
Additionally, we recommend regularly reconciling your accounts (monthly) to effectively track your business revenue and keep your financial data updated.
If you have other concerns about bank deposits and reconciling accounts in QBO, don't hesitate to ask, as I'm always here to assist you in any way possible.
