QuickBooks Desktop allows you to delete errant deposits while restoring the checks included in the deposit to the undeposited reserves account where they can be altered or totally eliminated. In this tutorial, we’ll walk you through the bit by bit cycle of how to delete a deposit in QuickBooks.
Deleting a recorded deposit in QuickBooks is quite easy, regardless of whether you’re using QuickBooks Desktop Pro, QuickBooks Desktop Premier, QuickBooks Enterprise, or QuickBooks Desktop Accountant. On the off chance that you don’t have your QuickBooks Desktop item yet, we compare all QuickBooks Desktop renditions to assist you with deciding.
QuickBooks is right now offering a 33% markdown for your first year of membership to QuickBooks Desktop Pro, one of our best small business accounting software. You can actually take a look at the QuickBooks site to learn more about available limits for other Quickbooks Desktop items.
Why Delete a Deposit in QuickBooks Desktop
There can be several reasons why you want to delete or fix a deposit in QuickBooks Desktop. These include the following:
· Incorrect checks added to the deposit
· A duplicate deposit is created
· Added a deposit to some unacceptable customer
To delete a deposit in QuickBooks Desktop, follow these means:
· Select actually look at register.
· Find the deposit.
· Delete or void the deposit.
1. Select Check Register
Go to Check Register under the Banking menu on your QuickBooks Desktop homepage. You can also tap on the Banking menu on top of the screen, and then, at that point, click Use Register starting from the drop list:
2. Find the Deposit You Want to Delete
Then, pick the bank account where the incorrect deposit was recorded from the Select Account drop-down menu:
From the actually take a look at register, find the deposit that you want to delete. As you can find in the screen capture beneath, many deposits originate from the undeposited reserves account. The undeposited reserves account accumulates checks as they are gotten and applied against Sales Receipts or Invoices. Checks from the undeposited reserves account are then combined into a single deposit transaction when deposited in the bank. Assuming you delete that deposit, all the checks included in that deposit ought to reappear in the undeposited reserves account:
3. Delete or Void the Deposit
After selecting the deposit to delete, the deposit screen will appear, as shown beneath:
You will see that there is no delete button on the deposit screen. To delete your deposit, click on the Edit menu on top of the screen, and snap on Delete Deposit:
While you can delete the deposit, you can see that there is also a choice to void it. At the point when you delete a deposit, it is eliminated totally from QuickBooks. However, voiding a deposit turns the amount to nothing, yet the transaction is as yet recorded in QuickBooks.
To void a deposit, click on the Void Deposit drop-down under the Edit menu:
Snap Save and Close, and then, at that point, click Yes if QuickBooks asks you to affirm the change.
The checks included in the how to delete a deposit in quickbooks return to the undeposited reserves account, which can be found on Record Deposits under the Banking menu:
Since the customer checks have been gotten back to the undeposited reserves screen, you can alter, delete them, or combine them into another new deposit.
Delete a Deposit When Not Made From Undeposited Funds
While I suggest always running your deposits through undeposited reserves, the alternative is to record a check being immediately deposited in your bank account when gotten. For instance, while receiving a check against a customer invoice, you can decide to deposit the check immediately. The interaction for deleting this deposit is the same as the above advances. The thing that matters is rather than appearing in the undeposited reserves account after cancellation, the customer’s check will be deleted and any invoice it offset will currently have an open balance.
Congratulations on completing our illustration on how to delete or void a deposit in QuickBooks Desktop. In case you are considering a change to QuickBooks Online, make certain to look at our tutorial on how to change QuickBooks Desktop over to QuickBooks Online.