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IracemaC
March 2, 2023
Solved

How do I categorize those tiny deposits and withdrawals Intuit does to verify your bank account?

  • March 2, 2023
  • 1 reply
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I connected my bank account to QBO and it send two tiny deposits to verify the account and also withdrawal the deposits the same day from the account. Now they are sitting there waiting to be review and I don't know where to put them.

Best answer by BigRedConsulting

They're so small that they're immaterial, so it doesn't matter.

 

Some sort of "misc expense" account would work.  Bank fees, perhaps. That sort of thing.

1 reply

BigRedConsulting
BigRedConsultingAnswer
March 4, 2023

They're so small that they're immaterial, so it doesn't matter.

 

Some sort of "misc expense" account would work.  Bank fees, perhaps. That sort of thing.

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