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February 10, 2024
Question

Can someone advise how to record the following bank deposit? The deposit is for an open invoice and payment of royalties. Two different customers.

  • February 10, 2024
  • 1 reply
  • 0 views
I need to match with the open invoice and categorize to other primary income - royalties

1 reply

February 10, 2024

Hi, @jmcniffstudio. I'm here to guide you with recording the following bank deposits in QuickBooks Online.

 

We can create two line items in your bank deposit. The first is for the customer with an open invoice, and the second is for the customer who paid royalties. Here's how: 

 

  1. Go to + New. 
  2. Under OTHER, select Bank deposit.
  3. Add the necessary information on the Bank deposit page. 
  4. Click Save and close.

 

Once done, we can now record those open invoices. To record it, here's how: 

 

  1. Go to + New.
  2. Under CUSTOMERS, go to Receive payment.
  3. Add the customer with open invoices. After that, review everything.
  4. Once done, hit Save and close.

 

You can check this article to learn more about receiving and recording customer-based payments: Record invoice payments in QuickBooks Online.

 

Don't hesitate to get back to us by replying to this post if you have further questions about recording bank deposits QBO. The Community space is always available to assist you.