how to make a deposit on check with partial payment

You've come to the right place, Jennifer.

We’ll have to record each payment first using the Receive payment feature. Then, hold them in the Undeposited Funds (UF) before depositing the entries into their respective accounts.

This process ensures that both checks are documented as payments against the same invoice, accurately reflecting the outstanding balance on the customer’s account.

1. Click the + New button, then Receive payment.
2. Choose a client’s name in the Customer field.
3. Navigate to the Outstanding Transactions section and tick the box for the invoice you’re working on.
4. Enter the amount you wish to apply on the invoice in the Payment field.
5. Ensure other details such as the Payment method and Deposit To field to Payments to deposit.
6. Click Save and close.

All payments into Payments to deposit or UF account automatically appear in the Bank Deposit window. In this case, you'll want to create a bank deposit transaction to combine all the payments you have received so far:

1. Click the + New button, then Bank deposit.
2. Choose the Account in the dropdown where you want to put the money.
3. Tick the box for the payment you wish to deposit.
4. Tap the Save and close button.

To ensure accurate records, please ensure to match your bank deposits with these payments when reconciling accounts in the future. This will help maintain the integrity of your financial records.

Additionally, consider exploring our QuickBooks Live Expert Bookkeeping service. Our experts can help you manage your accounting processes and ensure your financial records are correct when recording partial payments and deposits.

Swing here if you have further questions about recording partial payments and deposits. Please don't hesitate to click the Reply button below; I'll be more than willing to help.