A Blog Solely for Software Solutions

How to Record a Negative Deposit in QuickBooks Online

August 15, 2018

QuickBooks Online is a fairly straightforward software to use.  There are scenarios (in any software) that can be tricky to handle.

 

One of those is when you need to record a negative bank deposit.  This can happen when your third party vendor batches together both sales and refunds - and the refunds are greater than the sales.  So they take money out of your bank account, rather than make a deposit.

 

You could just record this amount as an expense against income, but that would not work if you record individual transactions and track inventory - or if you have other transactions sitting in your bank deposit window.

 

Watch the quick 4-minute video below to see how to record a negative deposit using a journal entry to offset the undeposited funds.

 

 

 

Please reload

Featured Posts

Is it Safe to Add Users to Xero?

January 18, 2017

1/4
Please reload

Recent Posts

March 7, 2016

August 6, 2015

Please reload

Search By Tags
Follow Us
  • Facebook Classic
  • Twitter Classic
  • Google Classic

Almost Anything LLC

Missouri, USA

 

Call

612-567-6027
 

©2009- 2019 Almost Anything LLC  All rights reserved

  • facebook
  • Twitter Clean
  • LinkedIn - White Circle
  • Pinterest - White Circle