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Sam1495
Level 1

How to enter cash received from related party temporarily

I have cash receipts from related parties on temporary basis which will be returned as per availability.

So how to make those receipts and payments entries in QuickBooks online.

 

1 Comment 1
AileneA
QuickBooks Team

How to enter cash received from related party temporarily

Hello, Sam1495. 

 

Thank you for reaching out to the Community. Since you've received the money, we can record it as a deposit and then select the specific account you want to put the money into. I'll show you how to do it: 

 

  1. Click + New.
  2. Choose Bank Deposit.
  3. From the Account ▼ dropdown, choose the account you want to put the money into.
  4. Select the checkbox for each transaction you want to combine.
  5. Make sure the total of the selected transactions matches your deposit slip. Use your deposit slip as a reference.
  6. Press Save and close.

 

Once the money is available, we can write a Cheque and use the same account to offset the amount. For more details steps, please review this article:  Create and record cheques in QuickBooks Online

 

Keep in touch if you need any more assistance with this, or if there's something else I can do for you. I've got your back. Have a good day.