Make A Deposit in QuickBooks without An Invoice

Make A Deposit in QuickBooks without An Invoice
  • December 29, 2023

The payment deposited in the bank and that too without an invoice is generally not sales. This is some kind of immediate gain that you want to account for and you paid nothing in return. In the same context, here is the query recently raised by one of our clients.

Here is how he described his issue:

“Hi, we have received a payment that is over and above the sales value of our product. How can we record them within Quickbooks.”

Here the item wasn’t worth enough, but since the cash received would now need to be accounted thus here is what you will do…!

  • Under the Receive payment option, enter the amount that you have received in your bank. If the money hasn’t been deposited already then pass an entry under undeposited funds.
  • If you will be refunding the payment to the customer then make use of Accounts receivables. Debit the AR and Credit the Customer.

Related article: How to delete a recorded deposit in Quickbooks?

How to Make A Deposit in QuickBooks without An Invoice?

  1. The very first thing you would need to do after logging into your Quickbooks account is to click on the (+) sign button. If you don’t see that already then check out the top navigation bar.
  2. Now choose the sales receipt tab.
  3. This will open up the transaction window. Enter all the required fields to process the deposit.
  4. From the Deposit method tab, choose the method type via which you received the deposit. This can be through the way of a cash card or cheque etc.
  5. Fill in all the instructions that follow and hit save and this will finally process your entry.

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