The article outlines the steps for depositing payments from customers into your bank account.
Note: If you are depositing payments from Merchant Services, check the batch totals before you make the deposit in the Merchant Service Center, under Activity and Reports > Deposits. When you have verified the batch totals, proceed with the following steps:
Follow these steps if you need to deposit a portion of your customer payments to a separate bank account.
Scenario 1: You have a multiple payments received from a customer ($350, $50 and $356) and you need to deposit one of them ($356) to another account (Savings).
Scenario 2: You have a single payment received from a customer ($250, $50 and $356) and you need to deposit a portion of it ($125) to another account (Savings).
You have entered an End-of-Day Sales Receipt and needs QuickBooks to reflect the bank deposit. When entering the deposit, you need to reflect that some of the credit card payments have yet to post. Since all the payments for the day were entered in a single transaction, you need a way to accurately account for the amount deposited and the amount that will not post until later.
To record this deposit, you need to defer the credit card portion of the deposit to a holding account and deposit it.
On the Make Deposit screen, you can only deposit money to a Bank or Other Current Asset account by default. If you encounter a scenario wherein you need to record a deposit to a different account type, you can use the Cash Back goes to option.
Follow these steps to create recurring deposits from a customer.