Undo a Deposit in QuickBooks

How to Do Undo Deposit in QuickBooks?

Question
Recently I saved checks utilizing the Bank Deposit screen, however acknowledged today they ought to have been gathered with Cash installments all together for the aggregate store to be precise and after that coordinated with what is downloaded from the bank. Presently I can’t discover these stores. How might I fix them so they seem again as a current installment when I go to Bank Deposit?

Answer

How to fix a store from a client? I coincidentally chose “Record Deposit” and “kept” the exchange, when I still can’t seem to do as such.

Acknowledged the installment from the client, so chose “Make Invoice”, and took after by “Get Payments”. I ought to have stop until the point that I kept the exchange… Or maybe, I tapped on “Record Deposit” and moved the $ from undeposited stores account. How would I fix the store?

✅ Best Answer :

QuickBooks gives an easy way to manage and maintain all your deposits, payments and records. In these situations, record all the accounts and transaction incorrectly which you might need to reverse from undeposited funds or company without getting other important credentials affected. You can handle this in QuickBooks via “Make Deposits” window. But the real question is how to undo a deposit in QuickBooks.
You can remove deposits with the help of Make Deposit window. For this, you need to have unneeded deposit records or some easy ways of deleting incorrect deposits from the account. Through QuickBooks, you are allowed to have total control over your deposits and other transactional aspects. If you are on undeposited fund account, the payment will be removed. However, if you recreate original payment, you can easily plan and deposit your funds later also.
If you try to sustain the undeposited funds, the original payment can be left for deposit intact and you can set a plan to deposit it later. Otherwise, go for the manual procedure to undo the deposit in QuickBooks.

· In the homepage of QuickBooks, select “Banking/Record Deposits” menu and then click on the “Make Deposits” option.
· Now, check if the deposit window is open with payment, select “Cancel.”
· Now, to move to the transection or to remove the transaction, select “Previous” until you find payment from a deposit or the deposit.
· Now, select “Edit” –> “Delete Deposit” to remove payment from deposit or the deposit.

Funds that are Undeposited

· Now, select “Lists” menu and then click on the “Chart of Accounts.”
· Now, to open “Undeposited Funds,” double click on it.
· Here, to delete the deposit, select “deposit.”
· Go to the “Edit” menu and then click on the “Delete Payment.”

Reach out for help:
This is just a curtailment of the information. You may need complete detail of information to get your error resolved or if you need information on Undo Deposit in QuickBooks. Our Technical Support Team is available with all information and solution round the clock for satisfaction deliverance of services and error resolutions to make your software up and running all the time without any problem.
To get support from our Technical Assistance Team via any of the communication mode and the team will revert to your call in very less duration. To call us, dial our QuickBooks Technical Support Number . Get in touch with us via our QuickBooks Live Chat Support, the fastest and the most convenient mode of communication available on our website. Else, you can send us your query on our Official Email Address and our team will revert to your query.

No of Voted Answer :52

Was this article helpful?

Related Articles

3 Comments

  1. Jack Johnshon

    I have a question regarding retained earnings. I am trying to find transactions that were posted last year to an expense account however, there is a year end closing entry to retained earnings. How do I see the postings for the previous year?

  2. angelina

    I am trying to remove old credits from my receivable. I have created an invoice. QB says I have open credits that I can apply to them, and it does apply them however it does not zero out the original credit and the new invoice I have created. They are staying open on the receivable. How do I get them to zero out. I tried applying in the “receive payments” but it will not allow me to.

  3. Kamrina

    I want to undo all the banking transactions in quickbooks I did today. Is there a way to do that?

Leave A Comment?