Bank made incorrect deposit to business account but then transfer out to personal account where it should belong

Thanks for your time posting in the Community, @kirax105.

I'll lay down a few steps to record money transfers in QuickBooks Online.

When moving money from one account to another, you'll need to record the transaction as a transfer in QBO. First, we can create a bank deposit to document the money that was put into your personal account. Then, we can record the transaction by check for your business account side. You can add a note from the check to determine what was the transaction for.

I'd be glad to show you how:

1. Click +New, then select Check.
2. Enter the check as you normally would, including the check number.
3. From the Bank Account field, choose the account the funds are coming out of.
4. From the Category column, select the account the funds are going into.
5. Hit Save and new or Save and close to record the check.

You can see this article for more ways to account for money transfers in QBO to keep your books in good shape: Transfer funds between accounts.

Moreover, see the following articles for information about owners or partners mixing business and personal funds:

• How to pay for business expenses with personal funds
• How to pay for personal expenses from a business bank or credit card account

Click the Reply button if you need more help managing your bank transactions or any QuickBooks-related concerns. Take care and have a pleasant day.

@kirax105 

Create a bank account in QB called 'Clearing Account'.  This serves as a temporary account for the funds.  Then, create two transfers (New > Transfer).  The first is from the Clearing Account into your bank account and the second transfer is from your bank account into the Clearing Account.  That will create an offsetting deposit and withdrawal out of your bank account and the Clearing Account and allow you to match them both to your bank statement the next time you reconcile.