Hi there, @RahulS92.

If you have created a deposit or sales receipts, you have to take note of those transactions, delete them and then, create an invoice or a bill transaction. This is done to create accrual base transactions since you are going to record two separate events.

Example transactions of the accrual basis of accounting are:

• Invoice linked to an Invoice Payment
• Bill linked to Bills Payment

However, if you haven't created anything yet, you can start off by creating an Invoice transaction or a Bill transaction.

I also include this article that can be handy in the future with setting up accrual reports in QuickBooks Desktop that would help you verify your business' money movement: Differentiate Cash and Accrual basis.

Please don't hesitate to comment below if you need anything else with QuickBooks. I'll be here to help. Keep safe always!