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September 28, 2021
Question

How to record bank deposits that are income?

  • September 28, 2021
  • 1 reply
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How to record bank deposits that are income?

1 reply

September 28, 2021

Welcome to the Community, blowndenver420-g.

 

Let me help and share what I know about recording bank deposits in QuickBooks Online.

 

 

You can use the sales receipts if you receive full payment at the time of sale. This also includes payments that needs to be recorded to your income account. 

Click on the +New button, and choose Sales Receipt, which will record the payment.  After that, you can use the Bank Deposit function to increase your income account. 

 

Like this:

 

  1. Click the +New button, choose Bank Deposit. In the Account field, select the deposit to account.
  2. From the Add funds to this deposit section, select the project in the Received From field. Then, choose an income account.
  3. Enter an amount, then Save and close.

 

Otherwise, if you're trying to record an invoice payment, you can check out this article for more information: Record invoice payments in QuickBooks Online.

 

I'm adding this link that will surely help you with the future tasks: Learn the reconcile workflow in QuickBooks.

 

Get back to me if you still have other questions or clarifications about bank deposits. I'll be here to answer them. Have a nice week!