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Tawfik
Level 1

bank deposit

How can record a bank deposit of 3 years and has a monthly return of 10 % .

1 Comment 1
MadelynC
Moderator

bank deposit

I’m here to help and share some information, Tawfik.


In QuickBooks Online (QBO), you can manually create a bank deposit itself to record your deposit with a monthly return. Just get the total amount, then you can follow the steps below:

 

  1. Select the + New button.
  2. Choose Bank deposit.
  3. Enter the necessary information.
  4. Click Save and close.


You can reach out to your accountant for further assistance in categorization. This way, all details entered are accurate.


Here’s a reference to learn more about bank deposits in QBO: Record and make bank deposits.


Also, you can use this information about reconciliation to ensure accounts are balanced.


Let me know if you have other banking questions or concerns. I’m always here to help. Take care!