QuickBooks users record their deposits in the software so that it exactly matches their bank records. In case, the bank records the payments separately, they need to add each payment one by one. The software allows its users to connect their bank accounts and perform transactions directly from QB. Sometimes, it happens that deposits are added or recorded incorrectly in the account register. In such cases, it becomes essential to undo the deposits without eliminating it from the company’s payment record. For this, you need to know the procedure of how to delete a deposit in QuickBooks.
The process to add deposits in the company’s account is quite simple. Here, let’s try to understand the correct method to delete the incorrect recorded deposits.
How to Delete a Deposit in QuickBooks?
These instructions will help you in understanding the right procedure of how to delete a deposit in QuickBooks. If you are wondering how do I delete a deposit in QuickBooks, then these steps will aid you:
Firstly, you need to click on lists.
Then, click on the chart of accounts icon.
Now, you have to double-click on the account.
Next, double-click on the deposit.
In case, you want to delete a particular payment, you need to choose it from the list.
Click on the edit tab.
You need to click on the delete line.
Finally, click on the delete deposit in case there is a need to delete the entire deposit.
After learning the process of how to delete a deposit in QuickBooks, you need to know how to delete a payment from a deposit in QuickBooks.
Delete a deposit in QuickBooks:
Firstly, you need to click on lists.
Then, click on the chart of accounts icon.
Now, you have to double-click on the account.
Next, double-click on the deposit.
In case, you want to delete a particular payment, you need to choose it from the list.
Click on the edit tab.
You need to click on the delete line.
Finally, click on the delete deposit in case there is a need to delete the entire deposit.
After learning the process of how to delete a deposit in QuickBooks, you need to know how to delete a payment from a deposit in QuickBooks.
Steps to Delete a Payment in QuickBooks
In case you have decided not to accept a payment, you can use the edit menu in the software to completely delete the payment:
In the beginning, on the QuickBooks home page, you need to click on the record deposits
Now, click on cancel if you see payment to deposit window on your system’s screen.
Next, place the particular deposit that you have to delete. In case you didn’t find it, click on the previous
Finally, you need to click on the edit menu and then click on delete deposit. With this, click on ok if you want to delete the payment.
Steps to Delete a Payment from Deposited Funds
You need to follow these steps in case you have mistakenly made the payment to the customer in another account:
Initially, go to the QuickBooks home page. You need to click on the lists menu and then click on the chart of accounts.
Then, double-click on undeposited funds.
Now, click on the particular payment that you have to delete.
In the end, open the edit menu, and then click on delete payment. With this, click on ok to delete the entry.
I Hope you find this helpful.
More Information - QuickBooks Cloud Accounting
Regards,
Jake Paul.