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estevangcoc
April 30, 2021
Question

Reconciling Multi-Item Deposits

  • April 30, 2021
  • 1 reply
  • 0 views

When I have multi-item deposits to reconcile QBO is splitting them out on the reconciliation screen even though my bank statement has them as one deposit so it is very hard to reconcile.  For example if I do a cash deposit with cheques, this is a multi-item deposit.  My bank statement has this as one total, but in QBO reconciliation it has them listed seperately.  How can I fix this? Is there a QBO setting I need to change?

1 reply

A
Alex M
April 30, 2021

Hi there estevangcoc,

 

Making sure that your deposits are entered correctly is an important step so that your bank balance is correct. QuickBooks Online is a great tool to help you keep an eye on money movement in your bank account. I can provide some assistance with this.

 

The best way to record payments that end up being deposited as a batch would be to send the payments to Undeposited funds, then creating a Bank deposit to move them from the Undeposited funds to your bank account. When creating your Payment, select Undeposited Funds as the Deposit to account. Then to deposit the transactions, click the Gear Icon, then Deposit. Check the transactions that make up the deposit, then Save.

 

Here's an article that goes over the process of making deposits in QuickBooks Online.

 

If you have any other questions, feel free to reach out here.

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