I wrote a check from my business bank account that I meant to deposit in my personal bank account as a disbursement. By mistake, I just deposited the check right back into my business account so the transactions cancel each other out. I didn't notice the error right away and now I don't know how to correctly record these two bank transaction. Right now it looks like income and a disbursement which is bad.
Let's make sure to correct the incorrect deposit made to your business account, gibson21.
Normally, the transactions posted to your business account will show up when you record bank deposits. You'll want to edit the deposit transactions to the correct account. To do this, follow the steps below:
The screenshot provided above may not show a business account but I only want to give more emphasis on the steps. Furthermore, after editing the transaction, learn how to add and match bank feeds according to the available modes provided in this article: Add And Match Bank Feed Transactions In QuickBooks Desktop.
Keep me posted if you have any questions about paying from your business to your personal account. I'll be a few clicks away in case you need help.
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