Are you seeking solutions for how to delete deposit in QuickBooks? This blog will help you all the way to make this process easy and smooth. However, making a duplicate deposit, or putting a deposit to the wrong customer are all common QuickBooks errors. So, let’s discover how to undo or delete deposit in QuickBooks and get this problem fixed easily. In this blog, we will learn the process to delete a deposit in QuickBooks Desktop, Delete a Deposit in QuickBooks Online, undo/delete a bank deposit in QuickBooks Desktop & QuickBooks Online, delete a payment in QuickBooks Online, delete a duplicate payment in QuickBooks and delete an undeposited fund in QuickBooks.
☛ Introduction to Deposit in QuickBooks
Deposited payments and undeposited money are the two types of payments in QuickBooks. Individual payments and deposits into the bank are kept in deposited payments, whereas small payments received throughout the day are kept in undeposited payments.
QuickBooks features connectivity directly with the bank for recording transactions and deposits in this accounting software. Whenever a deposit is done or withdrawn the data about it is synced with QuickBooks. This makes the process of recording and arranging transactions much easier. Linking a bank account to QuickBooks makes it easy to set up a clearing account.
Delete Payments in QuickBooks Using Simple Methods
The steps below will come in handy if you need to clear previous deposits in QuickBooks or delete a payment in QuickBooks.
How to Delete a Deposit in QuickBooks?
These procedures will show you how to remove deposits in QuickBooks correctly:
✔ Go to the Lists and look for the Chart of Accounts icon
✔ After that, double-click on Account and Deposit
✔ Select a payment from the list to delete it
✔ On the Edit tab, select Delete Line from the drop-down menu
✔ Finally, if you want to delete the entire deposit, choose “Delete Deposit”.
Steps to Delete a Deposit in QuickBooks Desktop
Follow these procedures to delete a deposit in QuickBooks Desktop:
Total Time: 15 minutes
Select Check Register Option
Go to Check Register under the Banking menu on the QuickBooks Desktop homepage. You can also use the banking menu at the top of your screen and select Use Register from the drop-down list.
Locate Deposit you Wish to Remove
Select the bank account where an improper deposit was made from the Select Account drop-down menu. Now find the deposit you want to delete in the Check Register. Most of the deposit comes from the undeposited funds. Checks are deposited into the undeposited fund’s account after they have been applied to sales receipts or invoices.
These checks are consolidated into a single deposit transaction when they are placed in the bank from the undeposited fund’s account. If you delete that deposit, all of the checks should return in the undeposited funds account.
Delete Deposit or Make it Void
After selecting the deposit to remove, the deposit screen will open. There is no delete button on the deposit screen. To delete your deposit, go to the top of the screen and select Edit, then Delete Deposit. After deleting the deposit, the void option is no longer available. However, when you void a deposit, the sum is zeroed out, and the transaction is recorded in QuickBooks.
How to Delete a Deposit in QuickBooks Online?
Following the steps below, you can erase a deposit in QuickBooks Online:
★ Navigate to the left menu on the QuickBooks Online dashboard and then to invoicing
★ Select the Customer account from the Customer drop-down menu
★ Choose the transaction that you wish to delete from the drop-down menu
★ Select “More” from the bottom menu, followed by clicking on the “Delete” button.
Steps to Undo a Bank Delete a Deposit in QuickBooks Desktop & Online
You can use QuickBooks’ Make Deposit Window features to withdraw a payment from a deposit.
★ To begin, go to the QuickBooks homepage and click the Record Deposits icon
★ Then go to the Banking menu and pick Make Deposits
★ If the Payments to Deposit window appears, click on the “Cancel” button
★ Select Previous to go back through the transactions until you discover the deposit or payment from a deposit you want to delete
★ To delete a deposit or payment from a deposit, go to the Edit menu followed by selecting the “Delete Deposit” option.
Steps to Delete a Payment in QuickBooks Online
To delete a customer payment from QuickBooks Online, go through the procedures below:-
★ Go to the Customers, then Customer in QuickBooks Online
★ When you’ve seen all of the payments, find the one you want to remove and click on it
★ At the bottom of the Payments box, select “More” followed by clicking on the “Delete” button.
Steps to Delete a Duplicate Payment in QuickBooks
If you enter a payment twice by accident, you may quickly delete it by following these steps:
★ In the beginning, launch your QuickBooks
★ Open the file for your company
★ Select Make Deposits from the Banking menu
★ Choose the line holding the duplicate payment you want to get rid of
★ Then pick Delete Line from the Edit menu
★ After that, click “Save” in order to save all of your changes
★ Click on Chart of Accounts under the Lists menu
★ To access your bank account registration, double-click the Undeposited Funds option
★ Select the duplicate payment you’d like to get rid of now
★ To complete the process, click “Edit” and then “Delete Payment”.
Steps to Delete/Remove Undeposited Funds in QuickBooks
In QuickBooks, you can erase undeposited funds in the following way:
★ Initially, go to the main page of QuickBooks
★ Select Lists and then the Chart of Accounts
★ If you need keyboard shortcut, press the Ctrl-A keys from your console
★ Double-click Undeposited Funds to bring up the Undeposited Funds register
★ After that, choose the payment you want to delete
★ If you can’t find it, go back through the list of transactions and look it up using the up and down scroll buttons
★ Select Delete Payment from the “Edit” option, then Ok to delete the entry after the warning box appears.
Steps to Delete a Deposit in QuickBooks Payment
★ To start with opening QuickBooks and go to the Banking tab’s Record Deposits icon from the dashboard
★ Click Cancel in the Make Deposits View section of the Payments to Deposit window after it displays
★ Click the specific deposit to delete payments in QuickBooks
★ If you’re having trouble finding it, go back and look for it
★ Press Delete Deposit in the Edit menu
★ At last, click “Ok” when the warning message’s action.
See Read More:
Activate Direct Deposit in QuickBooks Desktop Payroll
Conclusion
Hopefully, you learn how to delete deposit in QuickBooks, QuickBooks Desktop, and QuickBooks Online. There are a variety of reasons why you would want to delete particular deposits from your accounting software. We hope you were able to delete a check from a deposit in QuickBooks after reading this blog. If you require any assistance, please contact our Team of Experts by calling QuickBooks Customer Helpdesk.
❖ FAQs
What are the Various Bank Deposit Accounts in QuickBooks?
There are many different types of bank deposit accounts, some of which are listed below:
✔ Current Account
✔ Call Deposit Insurance Corporation (FDIC)
✔ Saving Account
✔ Time Deposit Account
✔ Federal Deposit Insurance Corporation.
How Do I Correct a Deposit in QuickBooks?
To fix a deposit in QuickBooks, follow the steps below:
✔ Select Charts of Accounts from the Settings menu
✔ Locate a deposit account and select View Register
✔ Select the Deposit and then click on the Edit menu
✔ Select either the sales receipt or the rectified payment now
✔ To confirm the changes, select “Save” and then “Yes” button.
What is the Procedure Involved in Deleting a Check from a Deposit in QuickBooks?
To remove a check from a deposit in QuickBooks, follow the steps outlined below: –
✔ To begin, select the Create (+) option from the drop-down menu
✔ Then select Reports from the options
✔ Option to locate the Deposit Detail Report
✔ The smart search function in QuickBooks 2017 allows users to quickly find certain reports
✔ Now, select the date range when the deposit was made
✔ After that, run the report
✔ Then choose all of the deposits you want to remove from your account
✔ Delete the file once you’re done with the above.
In QuickBooks, this is a quick and easy way to remove a check from a deposit. Clients can easily find specific deposits by using reports to apply filters.
