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bstanard
June 29, 2024
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deposits & tags

  • June 29, 2024
  • 1 reply
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Stripe will sometimes make a deposit that includes sales of very different types (e.g., event income and membership payments) made on the same day. How can I tag only the event income (but not the membership payment) to keep track of and report on that event's expenses and income?

-- Bill

Best answer by Sherrie_F

I appreciate you taking the time to post your concern about the deposits and their tags, @bstanard.

 

In QuickBooks Online (QBO), having the option to tag the event income isn't possible. Since the downloaded transaction consists of different types of sales, all the amounts are associated with the tags you've added. With this, you can't specify the amount to put in the tags.

 

As a workaround, I'd suggest excluding the downloaded transaction and then manually creating a separate deposit according to the type of sale. Then, add the appropriate tags in the deposits.

 

Here's how:

 

  1. In the upper left corner, look for the +New button.
  2. Select Bank deposit under OTHER section.
  3. Enter the necessary details that are needed. From there, you can add the Tags.
  4. Once finished, select either Save and New or Save and Close.

     

To learn more about how to use tags and group tags, here's a resource you can browse to get deeper insights into your sales and expenses: Tag transactions in QuickBooks Online.

 

I'll be here willing to provide further assistance for any additional queries you may have when creating tags and deposits. Assistance is just a few posts away.

1 reply

S
Sherrie_FAnswer
June 29, 2024

I appreciate you taking the time to post your concern about the deposits and their tags, @bstanard.

 

In QuickBooks Online (QBO), having the option to tag the event income isn't possible. Since the downloaded transaction consists of different types of sales, all the amounts are associated with the tags you've added. With this, you can't specify the amount to put in the tags.

 

As a workaround, I'd suggest excluding the downloaded transaction and then manually creating a separate deposit according to the type of sale. Then, add the appropriate tags in the deposits.

 

Here's how:

 

  1. In the upper left corner, look for the +New button.
  2. Select Bank deposit under OTHER section.
  3. Enter the necessary details that are needed. From there, you can add the Tags.
  4. Once finished, select either Save and New or Save and Close.

     

To learn more about how to use tags and group tags, here's a resource you can browse to get deeper insights into your sales and expenses: Tag transactions in QuickBooks Online.

 

I'll be here willing to provide further assistance for any additional queries you may have when creating tags and deposits. Assistance is just a few posts away.

B
bstanardAuthor
June 29, 2024

Sherrie_F wrote: As a workaround, I'd suggest excluding the downloaded transaction and then manually creating a separate individual deposit according to the type of sale. Then, add the appropriate tags in the deposits.

That sounds like a perfect workaround.

 

I'm used to only working from Bank Transactions. Where can I find instructions/tutorial on manually creating a deposit as you suggest.

I
Irene R
June 29, 2024

Glad to have you back on this thread with further queries about manual deposit in QuickBooks Online (QBO), Bstanard. I'm here to guide you through the process.

 

Before doing so, make sure to have a copy of the bank deposit you're trying to record to ensure the accuracy of our books. To manually create a bank deposit, you can proceed with the steps provided below:

 

1. Go to the +New icon.

2. Under Other, select Bank Deposit.

 

 

3. Enter the necessary information needed. From there, you can add the Tags.

4. Once finished, you can either select - Save and New or Save and Close.

 

 

You can learn more about manually recording your bank deposit in this article: Record and make bank deposits in QuickBooks Online.

 

Right after that, you can exclude the downloaded bank deposit to avoid duplication that can cause financial records to be disorganized.

 

If you have all your transactions ready, learn how to reconcile your account in QBO by visiting this article: Reconcile an account in QuickBooks Online.

 

Don't hesitate to return to this thread if you need further assistance manually creating a deposit in QBO, Bstanard. The Community will be at your aid as soon as we get your reply. Have a great day ahead!

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