3.4 Create a Deposit | Scribe

    3.4 Create a Deposit

    • 10 steps
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    Start in the Sample company.
    1
    To complete this exercise, you must be in the Sample company. From your QBOA account, click on the Gear icon on the top right corner of the screen, then select Sample company.
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    Note that you will be logged out of your current account. If you are sure, click "Continue" to confirm.
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    Now let's get started with the exercise.
    2
    Click the "+New" button, then select "Bank deposit".
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    Craig deposited the checks that had already come in from Cool Cars and Freeman Sporting Goods. Because they have been waiting in Undeposited Funds, they show up here as available to include in the deposit. We want to include these as part of the deposit.
    3
    Under Select the payments included in this deposit, click the top "checkbox" to select all.
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    Next we'll need to add the refund check from the IRS.
    4
    Under Add funds to this deposit, in the Received From field, type "IRS", then click "+Add new IRS".
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    Note that in a real life scenario, this would already be set up as a vendor because you would already have been paying taxes to them. In the Sample company, however, we'll have to add it.
    5
    In the Contact type field, select "Vendor".
    6
    Click "Save".
    7
    In the Account field, select "Taxes & Licenses".
    8
    In the Description field, type "Federal Tax Refund".
    9
    In the Amount field, type "1200".
    10
    Click the "down arrow" next to Save and new, then click "Save and close".

    🎥 Video

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    Want to follow along? [Click here](https://youtu.be/_QQQHwvcG5U) for our video walk-through.

    📚 Get the Full Course

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    This exercise comes from our basic level ProAdvisor certification course. Do more like it and pass your QuickBooks Basic ProAdvisor certification course in one weekend by [clicking here.](https://www.fastandeasyqbo.com/basic)