Deposits to match bank statements

QuickBooks Help QuestionsDeposits to match bank statements
Laura asked 3 years 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 3 years 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:

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