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January 3, 2022
Question

Online deposit was coded as sale but s/b undeposited funds.QB keeps saying to designate bank, where do I designate?

  • January 3, 2022
  • 1 reply
  • 3 views
Entry from Online Bank 100 Sale of product -100 s/b Bank 100 Undeposited funds -100 QB wants meto designate a bank?

1 reply

Jen_D
Level 8
January 4, 2022

Hey there, @soll_accounting.

 

I want to make sure you're able to manage your bank transactions in QuickBooks Online. I only need a few clarification about the process you're doing, and if possible, get a screenshot of the issue you're getting..

 

Can you please tell us if you record the transactions manually and download bank transactions through bank feeds? Also, are you using QuickBooks Payments? Any details will help.

 

When you connect your account for online banking and create transactions in QuickBooks, it is essential to ensure both entries match. If you created a deposit to the Undeposited Funds account, you'll need to deposit it to a bank to initiate a match with the online banking transaction.

 

Please refer to this article for the complete steps to handle bank transactions: Categorize and match online bank transactions in QuickBooks Online

 

If you need further help if you have other concerns with managing your transactions, post here again. We'll do our best to help you out. Have a nice day!