How To Delete A Deposite In QuickBooks Online And Desktop?(+1-877-383-3611)

How To Delete A Deposite In QuickBooks Online And Desktop?(+1-877-383-3611)
QuickBooks Desktop allows you to delete errant deposits while restoring the checks included in the deposit to the undeposited funds account where they can be edited or completely removed. In this tutorial, we’ll walk you through the step-by-step process of how to delete a deposit in QuickBooks.

Deleting a recorded deposit in QuickBooks is pretty easy, whether you’re using QuickBooks Desktop Pro, QuickBooks Desktop Premier, QuickBooks Enterprise, or QuickBooks Desktop Accountant. If you don’t have your QuickBooks Desktop product yet, we compare all QuickBooks Desktop versions to help you decide.

QuickBooks is currently offering a 33% discount for your first year of subscription to QuickBooks Desktop Pro, one of our best small business accounting software. You can check the QuickBooks website to learn more about available discounts for other Quickbooks Desktop products.

Why Delete a Deposit in QuickBooks Desktop

There can be several reasons why you need to delete or undo a deposit in QuickBooks Desktop. These include the following:

Incorrect checks added to the deposit
A duplicate deposit is created
Added a deposit to the wrong customer

When To Delete a Deposit in QuickBooks?

QuickBooks benefits everyone, both the employee and the employer. Not only this, but employers can also pay from any location, anytime. It is fast, simple, and compliant. The software makes sure there is no loophole. You can pay with your card or ACH bank transfer within 2 to 3 business days. It seems quite simple, doesn’t it? However, everything could be lost if the payment was made incorrectly or to the wrong person. And here comes the situation where you have to delete or undo a recorded deposit in Quickbooks.

There are two types of payments that QuickBooks show: Deposited Amount and the Funds that have not been deposited. The amount that is exactly calculated for a recipient is called a deposit amount. QuickBooks recognizes it and keeps the money aside.  You can also receive certain funds in breaks, which you can deposit together once you have sufficient funds to pay. You can delete any payments that have been recorded if you are sure that you made a mistake.

How Do I Delete a Deposit in QuickBooks ?

You can delete a QuickBooks Desktop deposit in a number of ways. Following are the main issues you will face:

Issue 1 – Delete cash sales from the deposit before removing its information. Or
Issue 2 – Editing deposit payment information is not allowed

If you hold multiple payments from a single deposit, then choose “Delete Line”. However, if you choose a deposit that is already in a register, you will find the option of “Delete Deposit” under the “Edit” toolbar.

Steps for deleting a QuickBooks Desktop deposit are:

Log into the software using Admin credentials.
Choose “Lists” after opening Quickbooks.
Choose the option “Chart of Accounts”.