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MrsCrawdaddy
January 26, 2022
Question

Moving a deposit

  • January 26, 2022
  • 1 reply
  • 0 views

I work for an Home Owners association and we come across situations where a home owner would pay their dues while selling the property. The deposit was under the customer's name but has to be moved to the new owners name. How do you "change" the deposit without un-doing a bank reconciliation? The one I'm looking at was back in July and Oct. Previously they would delete the deposit so they could "flip" the payment from one home owner to the other. I think this is why my beginning bank balance doesn't match the previous balance

1 reply

A
AbegailS_
January 26, 2022

Thank you for the detailed information, MrsCrawdaddy.

 

I'll provide you with the right steps to avoid messing up your reconciliation.

 

You'll have to unreconcile the transaction, delete the deposit, change the payment, and ensure to record them correctly. Once done, reconcile it again.

 

To know more about reconciliation in QuickBooks Desktop, check out these articles:

 

Additionally, I've included an article that will guide you in ensuring all your transactions are organized in the correct account to avoid issues: Understand Chart of Accounts in QuickBooks.

 

Stay connected with me if you have more questions about reconciliation in QuickBooks Desktop. Take care.

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