What can I deposit?
You can record a deposit in QuickBooks made up of any or all of these:
Payments you've received from customers that are held in the
Undeposited Funds account. This account is used
to group multiple payments in a single deposit.
When you receive payments from customers, you can either deposit each
payment directly into a QuickBooks bank account or you can group payments
together in Undeposited Funds (to be deposited to a bank account later).
How do I choose a deposit method?
You choose a deposit method at the time you
receive the payment,
either in the Receive Payments window or in the Enter Sales Receipts window.
If you choose to deposit to a specific bank account from the Deposit To
list, QuickBooks deposits the payment in the account you selected.
You don't need to make a separate deposit; QuickBooks automatically records a
deposit for you on the date you received the payment.
Note: If you selected Undeposited Funds as the default Deposit
To account in Sales & Customers Preferences (Company Preferences tab), the
Deposit To list won't appear.
If you choose to group payments with other undeposited funds, QuickBooks
holds the payments in an other current asset account called Undeposited Funds
until you make a deposit.
Deposits that do not come from customer payments (that is, payments not associated with an
invoice or sales receipt).
To do this task
Go to the Banking menu and click Make
If the Payments to Deposit window opens, select
the payments from Undeposited Funds you want to deposit now, click OK,
then continue with step 3.
If the Payments to Deposit window doesn't open automatically, you don't
currently have any payments in the Undeposited Funds account. Continue with
To reopen the Payments to Deposit window at any time you have
undeposited payments, click Payments in the Make Deposits window.
In the Make Deposits window, click the Deposit To list and choose
the bank account you want to deposit into.
Enter the date and an optional memo.
The Currency field matches the currency of the account selected in the Deposit To field and determines the currency of the deposit.
Learn more about making foreign deposits.
Enter an exchange rate for foreign deposits. Home currency deposits always use an exchange rate of 1.
Add any additional payments to deposit.
Enter any deposits that did not come from customer payments.
Examples of deposits that are not customer payments include refunds or rebates
from vendors, or money an owner is investing in the company.
In the Make Deposits window, click anywhere below the last
payment listed in the detail area.
Enter the name of the person or organization from whom you received the
Enter the account where you want to track the money.
Enter the amount.
Enter any cash amounts that you want to deposit. The cash amounts will
be totaled and entered as one amount on the deposit slip.
(Optional) If depositing a payment made by credit card, enter the credit
card fees as a negative amount and change them to an expense account
by listing the fees on a separate line here. You cannot deposit credit
card payments when using a printable deposit slip.
Note: To return to the list of payments to deposit,
click Payments on the window menu bar.
(Optional) If you are getting cash back from your deposit, fill
in the cash back fields.
When you get cash back from a deposit, you need to account for that cash by specifying the account that you're moving the
cash into. Just make sure the account that's receiving the cash is not the same
one for which you're making the deposit.
What if I need to increase or decrease the base amount in a cash drawer?
Set up your deposit.
At the bottom of the Make Deposits window, click the Cash back goes to drop-down
list, and then choose the account (such as petty cash or a cash drawer)
where you want the cash back amount to go.
(Optional) Enter a memo about the cash-back amount.
Enter the amount you want to get back from this deposit.
Save the deposit.
You can both save and print the deposit by clicking Print on the toolbar.
(Optional) Print a record of the deposit
You can print a deposit slip, a summary of your deposit, or both.
Important: If you want to print a deposit
slip, you must use Intuit Printable Deposit Slips on a page-oriented
printer. You can order
the slips from Intuit. If you want to print only a deposit summary,
you can print it on regular printer paper on any type of printer.
Click Print at the top of the Make
In the Print Deposit window, select what
you'd like to print and click OK.
Note: If you print a deposit slip, all
deposits must have a payment method of either Cash or Check.
Choose your printing options in the Print Deposit
Slips or Print Lists window.
If you need additional assistance with these options, click Help
in the Print window.
Note: Some banks require duplicate deposit
slips. If you want to print more than one copy, enter the number of
copies you need.
Edit or delete a deposited payment
Set a reminder to make deposits
Use the calculator to calculate amounts