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Liftco
April 15, 2021
Question

General Journal entries showing up in "Record Deposits"

  • April 15, 2021
  • 2 replies
  • 0 views

When making a General Journal entry it shows up in "Record Deposits" how do I get rid of these?  It also happens when I do an inter-company payment (see below)

 

2 replies

A
AileneA
April 15, 2021

Hello, Liftco. 

 

Thank you for reaching out to the Community. The concern that you have right now usually happen when you created the journal entry and used the Undeposited Funds as an account. 

 

If you don't want the journal entry to appear on your Record deposit list, make sure to use any account aside from Undeposited funds. 

 

  1. Go to the Company menu and select Make General Journal Entries.
  2. Fill out the fields to create your journal entry. It's important to ensure the debits and credits match during this step.
  3. Select Save & Close. 

 

Since you've already created a journal entry, I recommend to consult for an accountant for further steps to be taken. 

 

If you need some more help with creating a journal entry check out this article on creating journal entries in QuickBooks Desktop. 

 

Should you need further assistance, please do not hesitate to contact me by clicking the Reply button below. I'll be glad to work with you again. All the best!

    D
    dordiano
    March 26, 2025

    My general entry is going to deposit only on the increase.  It never did that before. It is called CLIENT POSITION WHITE OAK:FUNDS IN USE. Please help me fix this?  

    A
    ArielI
    March 26, 2025

    I appreciate you for bringing this matter to the Community, Dordiano. We can review your journal entries to ensure that all entries are posted accurately to the correct accounts. Let me provide some additional information to help you with this matter.

     

    Reviewing these entries can help identify any discrepancies or errors that caused the deposits to be recorded only on increases. It is also helpful to consult with an accountant who can guide you through the entire process and ensure that your accounting practices are correct.

     

    Moreover, it’s important to regularly reconcile your accounts so they always match your bank and credit card statements. This helps you to ensure that your financial records are accurate and up to date, preventing errors and discrepancies.

     

    If you have further questions about reconciliation or your journal entries, please don’t hesitate to click the Reply button and we'll respond to you as soon as possible.

    BigRedConsulting
    BigRedConsulting
    April 17, 2021

    This will happen if you use Undeposited Funds on your Journal.  Anything you record there will be seen as waiting to be deposited.  So, if you don't want that, avoid using that account on a Journal.

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