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sgfee123
February 4, 2019
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How to nullify an ACH test deposit that was never reversed.

  • February 4, 2019
  • 1 reply
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My bank deposited 96 cents into the business's checking account when an ACH transfer link was set up. They never took their 96 cents back. I now have a negative 96 cent "Bank fee" and it is showing as "Net Income" on reports. What is the best way to clear the 96 cents from the bank fee account? I would prefer not to add it to the Capital Contributions.

 

I am not even sure I should have called the 96 cents a "Bank fee" in the first place. I have only been using Quickbooks for about six months.

 

What do I do with the 96 cents? I don't want to continue to see it as net income.

Thank you for your help,

Steve

Best answer by lynda11_2

Hello @sgfee123:

 

you can can put that in an other misc. income acct.  

 

lynda

1 reply

lynda11_2
lynda11_2Answer
February 4, 2019

Hello @sgfee123:

 

you can can put that in an other misc. income acct.  

 

lynda

    S
    sgfee123Author
    February 4, 2019

    Creating a misc account won't clean up the mess. It will only move the mess. I want to eliminate the 96 cent line item from reports. If I move the 96 cents from the bank fees account to a new "miscellaneous" account, it will still show up on reports and it will still be added to net income. I'm not sure the bank would appreciate me considering their 96 cents as income. :smileyhappy:

     

    Can I do a transfer? Can I simply transfer the 96 cents from the bank fees account to the checking account? Then make a note in the memo box that the bank never reversed the test deposits and leave it at that. This will remove a perpetual line on my reports that contains nothing but 96 cents. It will probably still be added to net income but I can live with that. The bank will just have to get over it. :robotsad:

     

    Is there a way to remove it from reports and also have it not be added to net income? Maybe just "write it off" (I don't know how to do that).

    Kristine Mae
    Kristine Mae
    February 4, 2019

    Hello, Sgfee123.

     

    The ACH test deposits are reversed within 3-5 banking days. You don't need to create any adjustments to correct it. You'll want to contact QuickBooks Payments support to have this reversed instead.

     

    Here's how to contact them:

    1. Open this link: https://community.intuit.com/products/quickbooks-payments-help-en-us.
    2. Choose QuickBooks Desktop Payments.
    3. Scroll down, then click Contact us.

    You're always welcome to post in the Community if you have other concerns. 

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