Yes you doing it right, EL18.
Once you receive the invoice payment, deposit it to the Undeposited Funds. When the deposit hits your bank account, match it to the existing deposit in QuickBooks Online.
Let me guide you how.
- Go to the +New icon, then choose Received payments.
- Choose the customer, then the invoice..
- Complete the Payment date and method.
- Enter the exact amount.
- Click the Deposit to drop-down arrow, then choose Undeposited Funds.
- Tap Save and close.
Then let's deposit the amount by going to the +New icon. Then pick Bank deposit and select the right account in the drop-down. Then match the deposit.
Please, click this link for more further information: Record and make bank deposits in QuickBooks Online.
Let me know if you have another concern by clicking the Reply button. I'm always here for you. Keep safe!
