- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Install
Hi, cvmom73.
Allow me to give more details about entering square fees and correcting past deposits in QuickBooks Online (QBO).
If you're using online banking when adding deposits, you can just undo the deposits from the In QuickBooks tab. Once done, these transactions will be transferred to the For Review tab.
Here's how:
- From the left menu, click Banking.
- Click Banking.
- Locate the deposit transaction and click Undo.
Once you record all the transactions correctly, you can now start matching downloaded transactions. Refer to this article to learn more: Add and match downloaded banking transactions.
In addition, to lessen the total amount deposited, you can add a negative amount for square fee in the line item when entering bank deposit.
Let me show you how:
- Go to the plus icon.
- Click Bank Deposit.
- Add the square fee (negative amount) to the line item.
- Click Save and close.
I'll be around here in the Community if you have more questions about correcting bank deposits. I'd be happy to help.