Thanks for joining the thread, brimmyph.
I'm here to here to help and guide you balance your account.
When you receive bank deposits from your customer, you need to link them to an invoice. This keeps your records accurate and helps avoid errors when you reconcile your accounts.
Let me provide you steps on how to easily find the deposit entry in your bank register.
Here's how:
- Choose Accounting.
- Select Chart of Accounts.
- Find the account you deposited the payment to and select View Register.
- Locate and select the correct deposit. Then select Edit.
- In the Add funds to this deposit section, find the deposit.
- Choose the Received From ▼ dropdown, and select the customer the deposit was from.
- Click the Account ▼ dropdown. Then select Accounts Receivable.
- Then select Save and Close.
To apply for the deposit entry as an invoice payment:
- Choose + New.
- Click Receive Payment.
- Select the Customer from the ▼ dropdown. This displays all open invoices and outstanding credits for your customer.
- Enter the day you received the payment in the Payment date field.
- In the Outstanding Transactions section, select the invoice you need to mark as paid.
- Under Credits, select the deposit.
- Select Save and Close.
For more details about this process you can check out this link: How to link deposit to an invoice
You can also check out these articles for future reference:
If there's anything else that I can help you with, please let me know in the comment section down below. I'll be always around ready to help.
