Depositing Money into a Bank Account

You can’t write cheques unless you deposit some money in your bank account. You didn’t know that? Well, the next time you’re taking your exercise in the prison yard, give it some serious thought.

From time to time, you must deposit money in your bank account and record those deposits in the QuickBooks bank register, using the Make Deposits window.

Depositing money from customers

Have you been recording customer payments as they come in? (You do so by choosing Customers⇒Receive Payments or Customers⇒Enter Sales Receipt, as we describe in Chapter 5; by selecting the Create Sales Receipts or Receive Payments icon on the Home screen; or by clicking the Customer Centre and selecting New Transactions, Sales Receipts, or Receive Payments.) If you’ve recorded customer payments and told QuickBooks to group them with your other undeposited funds, QuickBooks places these payments in your Undeposited Funds account. You transfer the undeposited funds to your bank account, as we describe in detail in Chapter 5.