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M
mforest
April 8, 2020
Question

Deposits put into wrong bank account.

  • April 8, 2020
  • 2 replies
  • 0 views

I have both a business and a personal account in one bank.  I got behind in my bank recs due to an illness.  I just discovered that two customer payments were put into my personal account in error in November of 2019. Now here I am in April of 2020 and I have to transfer these balances from my personal account to my business account.  How do I deal with this in QB?

2 replies

S
Steve_C
April 8, 2020

Hi mforest. To transfer funds in QuickBooks Desktop, just follow these steps below :

  1.  select Banking, then Transfer Funds from the Menu Bar.
  2. Enter the date of the funds transfers into the Date field.
  3. Then select the bank account to transfer funds from by using the Transfer Funds From drop-down.
  4. Then select the name of the account to transfer the funds into by using the Transfer Funds To drop-down.
  5. Enter the amount of the transfer into the Transfer Amount field.
  6. Then click the Save & Close button to record the fund's transfer and close the window.

Now the fund transfer will be recorded, if you need help with anything else just leave a response here. 

 

M
mforestAuthor
April 8, 2020

I know how to transfer the funds as you describe.  However, my bank rec will be off since these funds did not hit my business account in November of 2019.  In addition my receivables will be off for these payments.  How do I fix all that?

M
mforestAuthor
April 9, 2020

Anyone?.  I am really stuck here as I cant continue reconciling till I figure out how to account for this.  Thanks to all who help!

T
thazlewood
March 11, 2021

I am using the new quickbooks on line

I have 2 accounts and I accidently put a deposit into the wrong account.

How can I fix it

J
JonpriL
March 11, 2021

Hello @thazlewood,

 

You have the option to delete and recreate the deposit so you can record it into your correct account. Let me show you how.

  1. Go to Accounting.
  2. Select Chart of Accounts.
  3. Find the account from the list of accounts.
  4. Under ACTION, select View register.
  5. Choose the deposit you wish to delete.
  6. Select Delete.
  7. Click Yes.

Once done, you can go ahead the recreate the deposit using the steps outlined in the article: Record and make bank deposits in QuickBooks Online.

 

Additionally, I've also included this reference for a compilation of articles you can use while working with us: Banking for QuickBooks Online.

 

If there's anything else that I can help you with, please let me know by leaving any comments below. I'll be here to lend a hand.

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