When you receive payments on your sent invoices from the customers in the Undeposited funds account, then in the next step, you will have to deposit this payment into an account in QuickBooks. This can be done with the help of the Bank deposits feature which will let you create the Group payment for all the payments received in the undeposited fund account and you can create a deposit for them as a single record into an account in QuickBooks.
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Sometimes as it happens you may have to delete these deposits due to some error or issues. You can do so by using the Edit toolbar, we will look into the process steps in detail under the next section.
Table of Contents
Steps to Delete the Deposits in QuickBooks
Step to Delete Deposit in QuickBooks Desktop
Before we start the process, you should be aware that you will only be able to see the ‘Delete deposit’ option as mentioned in the below steps on the Edit toolbar when you have selected the deposits within the register:
Step 1. First of all, click on Lists from the top menu and then click on Chart of Accounts.
Step 2. In this step, you need to double click on the account and then the deposit. In case you wish to delete a specific payment, choose that from the list.
Step 3. After step 2, click on the Edit tab from the toolbar and select ‘Delete line’ if you are deleting a specific payment and ‘Delete deposit’ if you are deleting the entire deposit amount.
The above three steps will help you in deleting the deposits on the QuickBooks desktop.
Steps to Delete Deposit in QuickBooks Online
Step 1. First of all, click on the Gear icon for settings and select the Chart of Accounts.
Step 2. In this step, you should choose the undeposited funds and click on View Register.
Step 3. Under View Register, go to the Ref No. and Type column and select the Deposit that you want to delete.
Step 4. Now click on delete and then Yes to finalize the process.
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How can I see a Detailed Deposit Report in QuickBooks Online?
You need to go to the ‘Reports‘ and type ‘Deposit detail‘ in the ‘Find Report by name‘ field. Now specify the reporting period and click on Run report.
What will Happen once I Delete the Deposit from the QuickBooks?
Once you delete the deposit, the payments are reverted to the undeposited fund account. That means you will have to create anew deposit for the again.
How can I clean-up undeposited funds in QuickBooks?
You need to go to the lists > Chart of Accounts > double-click on undeposited funds and double-click on the journal entry to open it and finally you can delete it by pressing control +D on your keyboard.
How can I Change or Correct the Deposit in QuickBooks?
Click on the plus icon from the top menu and select Bank Deposit that you wish to edit, now choose the correct account, date, currency, transactions, etc. and click on save and close.
Features of Dancing Numbers for QuickBooks Desktop
Imports
Exports
Deletes
Customization
Supported Entities/Lists
Dancing Numbers supports all QuickBooks entities that are mentioned below:-
Customer Transactions
| Invoice |
| Receive Payment |
| Estimate |
| Credit Memo/Return Receipt |
| Sales Receipt |
| Sales Order |
| Statement Charge |
Vendor Transactions
| Bill |
| Bill Payment |
| Purchase Order |
| Item Receipt |
| Vendor Credit |
Banking Transactions
| Check |
| Journal Entry |
| Deposit |
| Transfer Funds |
| Bank Statement |
| Credit Card Statement |
| Credit Card Charge |
| Credit Card Credit |
Employee Transaction / List
| Time Tracking |
| Employee Payroll |
| Wage Items |
Others
| Inventory Adjustment |
| Inventory Transfer |
| Vehicle Mileage |
Technical Details
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Frequently Asked Questions
How and What all can I Export in Dancing Numbers?
You need to click "Start" to Export data From QuickBooks Desktop using Dancing Numbers, and In the export process, you need to select the type you want to export, like lists, transactions, etc. After that, apply the filters, select the fields, and then do the export.
You can export a Chart of Accounts, Customers, Items, and all the available transactions from QuickBooks Desktop.
How can I Import in Dancing Numbers?
To use the service, you have to open both the software QuickBooks and Dancing Numbers on your system. To import the data, you have to update the Dancing Numbers file and then map the fields and import it.
How can I Delete in Dancing Numbers?
In the Delete process, select the file, lists, or transactions you want to delete, then apply the filters on the file and then click on the Delete option.
How can I import Credit Card charges into QuickBooks Desktop?
First of all, Click the Import (Start) available on the Home Screen. For selecting the file, click on "select your file," Alternatively, you can also click "Browse file" to browse and choose the desired file. You can also click on the "View sample file" to go to the Dancing Numbers sample file. Then, set up the mapping of the file column related to QuickBooks fields. To review your file data on the preview screen, just click on "next," which shows your file data.
Which file types are supported by Dancing Numbers?
XLS, XLXS, etc., are supported file formats by Dancing Numbers.
What is the pricing range of the Dancing Numbers subscription Plan?
Dancing Numbers offers four varieties of plans. The most popular one is the basic plan and the Accountant basic, the Accountant pro, and Accountant Premium.
How can I contact the customer service of Dancing Numbers if any issue arises after purchasing?
We provide you support through different channels (Email/Chat/Phone) for your issues, doubts, and queries. We are always available to resolve your issues related to Sales, Technical Queries/Issues, and ON boarding questions in real-time. You can even get the benefits of anytime availability of Premium support for all your issues.
How can I Import Price Level List into QuickBooks Desktop through Dancing Numbers?
First, click the import button on the Home Screen. Then click "Select your file" from your system. Next, set up the mapping of the file column related to the QuickBooks field. Dancing Numbers template file does this automatically; you just need to download the Dancing Number Template file.
To review your file data on the preview screen, just click on "next," which shows your file data.
What are some of the features of Dancing Numbers to be used for QuickBooks Desktop?
Dancing Numbers is SaaS-based software that is easy to integrate with any QuickBooks account. With the help of this software, you can import, export, as well as erase lists and transactions from the Company files. Also, you can simplify and automate the process using Dancing Numbers which will help in saving time and increasing efficiency and productivity. Just fill in the data in the relevant fields and apply the appropriate features and it’s done.
Furthermore, using Dancing Numbers saves a lot of your time and money which you can otherwise invest in the growth and expansion of your business. It is free from any human errors, works automatically, and has a brilliant user-friendly interface and a lot more.
Why should do you change the Employee status instead of deleting them on QuickBooks?
If you are unable to see the option to terminate an employee on your list of active employees on the company payroll, this mostly implies that they have some history. Thus, if you change the employee status instead of deleting it on QuickBooks, the profile and pay records remain in your accounting database without any data loss in your tax payments.
Is it possible to use the Direct Connect option to sync bank transactions and other such details between Bank of America and QuickBooks?
Yes, absolutely. You can use the Direct Connect Option by enrolling for the Direct Connect service which will allow you access to the small business online banking option at bankofamerica.com. This feature allows you to share bills, payments, information, and much more.
Why should do you change the Employee status instead of deleting them on QuickBooks?
If you are unable to see the option to terminate an employee on your list of active employees on the company payroll, this mostly implies that they have some history. Thus, if you change the employee status instead of deleting it on QuickBooks, the profile and pay records remain in your accounting database without any data loss in your tax payments.
What are the various kinds of accounts you could access in QuickBooks?
QuickBooks allows you to access almost all types of accounts, including but not limited to savings account, checking account, credit card accounts, and money market accounts.
Get Support
Bulk import, export, and deletion can be performed with simply one-click. A simplified process ensuresthat you will be able to focus on the core work.
Worried about losing time with an error prone software? Our error free add-on enables you to focus on yourwork and boost productivity.
FAQs
How do you mass delete deposits in QuickBooks online? ›
Go to the Accountant menu and select Batch Delete/Void Transactions. Select the transactions you want to delete or void from the Available Transactions list. Select Review & Delete (or Review & Void). Select Back Up & Delete or Back Up & Void.
How do I fix an incorrect deposit in QuickBooks? ›- Sign in to QuickBooks Online.
- Go to Settings and select Chart of Accounts.
- Find the account you're reconciling. It's the one you use for QuickBooks Payments. ...
- Find the deposit you need to correct. ...
- Select the deposit to expand the view.
Deposits in QuickBooks can be removed using the Make Deposits window. When removing the deposit, the payment is removed as well if you are using the Undeposited Funds account. If you plan to deposit the funds at a later time, you must also recreate the original payment.
How do I delete old transactions in QuickBooks online? ›- Click Accounting from the left menu.
- Select Account history for the chart of accounts entry that was connected to the banking feed.
- Click one of the transactions you'd like to delete.
- Select Delete.
- Click on Lists at the top menu bar.
- Select on Item List.
- Choose the item you want to delete.
- Right-click on it and press Delete Item.