How to Record a Bank Deposit in QuickBooks Online

Deposits in QuickBooks Online refer to the process of recording money received and adding it to your bank account. This can include customer payments, loan proceeds, or any other type of income.

AGL Bookkeeping
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8 steps
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32 seconds

QuickBooks

Click on the "+ New" button located in the upper right corner of the screen.

From the drop-down menu, select "Bank Deposit."

In the "Account" section, choose the bank account where you want to record the deposit. Enter the date of the deposit in the "Date" field. This should be the date when the funds were received.

In the "Received From" field, enter the name of the customer or the source of the funds. If you have the customer's name already saved in QuickBooks, you can start typing it, and QuickBooks will populate the suggestions.

In the "Account" column, select the appropriate income account. This is the account where you want to record the deposit.

Enter the amount of the deposit in the "Amount" field. If the deposit consists of multiple payments, you can enter each payment separately by clicking on "Add New Deposits" and filling in the required information.

Once you have entered all the necessary information, click on the "Save and Close" button to record the deposit in QuickBooks Online.

By following these steps, you can easily record a bank deposit in QuickBooks Online and ensure accurate tracking of your income. Remember to review and reconcile your bank statements regularly to ensure that the deposits recorded in QuickBooks match the actual deposits made to your bank account.