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November 9, 2023
Question

Why are checks and deposits in QBO so complicated now? Why are there journal entries on my deposit screen?

  • November 9, 2023
  • 1 reply
  • 0 views
Original commenter did not share additional details

1 reply

November 9, 2023

Thanks for reaching out to us, @suzannek1. I am here to provide additional insights regarding your checks and deposits and to address any questions you may have about the journal entries on your bank deposit page. 

 

Checks are written orders to a bank to pay the listed amount to the person depositing the check, making them as good as cash. Bank deposit is QuickBooks Online special way to combine transactions recorded into your Undeposited Funds account, also known as Payments to deposit. May I ask what are the challenges you have encountered with checks and bank deposits?

 

Regarding your concern about your journal entries showing on your bank deposit page, this happens if the Journal entry is posted to the Undeposited Funds account, also known as payments to deposit. 

 

You can open your journal entry and verify that your transactions are posted to the correct account or category. You can also edit your journal entry and change the account from Undeposited to a direct bank deposit.

 

Furthermore, I'm adding this helpful article for your guide in categorizing your online bank transactions in QBO: Categorize online bank transactions in QuickBooks Online.

 

If you need help with your checks and bank deposits, please don't hesitate to reply below. I'm more than happy to assist you in any way I can.

suzannek1Author
November 9, 2023

I do know what checks and deposits are and how they work.I've been doing this for 12 years.   My comment is about QBO making everything so unnecessarily messy .   I have blank journal entries on my deposit screen.   There is nothing filled in.  Can I get rid of these?