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March 30, 2021
Question

Does anyone know how to move undeposited funds to bank acct in QB online? I have 4 deposits that are reconciled, not sure how that is. But now I can't move them.

  • March 30, 2021
  • 1 reply
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QB says that I need to remove the payments however the system won't let me since the deposits are reconciled but I haven't reconciled yet. This is my 1st year with QB Online, all my previous versions were desktop. So I'm stumped since normally I would just reverse the reconcile

1 reply

March 30, 2021

Thank you for reaching out to us, cece4.

 

Let me share some insights on how to correct and record those deposits so you can reconcile your bank. 

 

You'll want to create a bank deposit for all of the total sales. Here's how: 

 

  1. Click the Gear icon, then choose Bank deposit.
  2. Check the payments from the sales. 
  3. Add memo, reference numbers, and other important details. 
  4. Under the Add funds to this deposit section, select an expense account (where you record your credit card fee charges). 
  5. Enter the amount for the two charges as negative values (denotes deductions from the total deposit). 
  6. Add reference numbers, notes, and other details.
  7. Once done, click Save and close

This will deposit the total amount (minus the expenses) to your bank account. Review the transactions if needed then continue reconciling them. If you need help, I'd recommend reading this guide: Reconcile an account.

 

Need help with your Merchant Services to account or simply with other tasks in QuickBooks Online? Check out our articles for guides and tips. Click here to go to our general help page. You can change the product by selecting another under the Topics for section. 

 

If you have any other questions about reconciling, please don't hesitate to reach out. I'm always here to help.