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superdecalbros
June 25, 2021
Question

Help with Reconciling a Credit Card Payment deposited into Bank Account

  • June 25, 2021
  • 1 reply
  • 0 views

Hello, I am. trying to reconcile my bank transactions. I have a 2 invoices that were paid by credit card. The amount was released int our bank account. Quickbooks is seeing this as a deposit, however the invoices are showing as PAID (as expected). So how do I categorize this deposit so it doesn't look like it came out of nowhere. 

 

Dewey

1 reply

L
LollyNino_C
June 25, 2021

Hello, @superdecalbros.

 

Thanks for posting here. Let me show you how to change the invoice status.

 

Please follow these steps if you made a bank deposit transaction:

  1. Go to the Accounting menu and select Chart of Accounts.
  2. Locate the bank account where you deposited the funds and click View register.
  3. Find the deposit you created, select it and tap Delete.
  4. Click Yes to confirm.

 

If you simply use the bank account as the deposit account when recording the payment, we can change it to Undeposited Funds. Follow these steps:

  1. From the Sales menu, select Customers.
  2. Select the customer's name and locate the payment transaction.
  3. Under Deposit to drop-down, select Undeposited Funds.
  4. Tap Save and close.

 

The Undeposited Funds account is a temporary account that holds the funds. If you aren't sure what to use, you may want to check these links:

 

Need help in reconciling? Check this article: Reconcile an account in QuickBooks Online.

 

I'll be here if you have other questions in reconciling an account. Have a great day!

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