Deposits to match bank statements

QuickBooks Help QuestionsDeposits to match bank statements
Laura asked 2 months ago

I entered daily sales receipt and it created a deposit for full amount $833.89.  The daily receipt deposit consists of merchant credit card deposit and a cash deposit.  How do I reconcile my bank statement if the merchant credit card deposit is still in transit and only the cash hit the statement?

admin Staff replied 2 months ago

On Sales Receipt, you should use the “deposit to Undeposited Funds” account, instead of direct bank account And make a bank deposit when it shows up in the bank account. (Create “+” sign > Other > Bank Deposit).

You can refer to this helpful article for detailed information:
http://newqbo.com/recording-daily-sales/

Your Answer

10 + 8 =