deposit reconcilation
QuickBooks Canada : Pro 2012Why are deposit dates showing in the reconcile screen as the date they were entered into quickbooks not the actual deposit date/
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a-l0RAtQur4yUOacwZ5xHE
02/03/12 12:25pm PST
Viewed by asker 02/10/12 7:11am PST
Viewed by asker 02/10/12 7:11am PST
5 Replies
CountryMusicMom
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02/03/12 12:41pm PST
Do you mean for transactions that you downloaded from your bank or just a regular reconciliation?
02/06/12 3:08pm PST
Then that is the date that you entered as the deposit date.
If you want the date to be the date that you actually make the deposit at the bank you have to enter that day when you enter the deposit.
02/06/12 8:54pm PST
The dates show up as correct when deposit was entered orginally, when posted to account but when we go into reconcile the accounts it shows up as the date that the items where posted to the account not the date deposit was made at the bank,
02/06/12 9:10pm PST
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Are you using 'Receive Payments"? If so, do your payments go to undeposited funds so that you can "Make Deposits"?
Receive payments should be dated when you get paid. If you use undeposited funds, you can choose to group your deposits & have an accurate deposit date.
If your books are setup to automatically put the payment to the bank account, that deposit will be dated the same as the payment date. Because it's one step, you don't have the option to change the deposit date.
I'd suggest using undeposited funds. Then, when you physically do the deposit at the bank, go to "make deposits", select whichever payments were included in the deposit and pick your actual deposit date.
Quickbooks can only report what you tell it. If you don't change the deposit date when you do the entry, the default is probably going to be wrong.
(If you click on one of the deposits you aren't happy about in the reconcile, you can "Go To" it. Then click on "history" & you can look at the actual payment entry and the deposit entry to see what date you chose at the time.)
Kate
