You collect each hard payment in the same place – the cash register, for example – and then at the end of the week, you go to your bank and deposit the money. ![]() However, some customers elect to pay with cash or a check. That’s no problem, because their money essentially goes straight into your bank account with no intermediate step. You have several customers a day that each pay for their appointment with varying methods. Let’s say, for example, you run a small business that specializes in grooming dogs. The issue really stems from a difference in the way businesses and banks process and record their transactional information. ![]() ![]() It’s extremely important for tax and bookkeeping purposes to ensure that these records are all in agreement in terms of dollar amount and timing, and keeping it all organized gets more and more complex the bigger your business gets. How to Record and Match Bank Deposits in QuickBooks Online & QuickBooks DesktopĮvery business owner who manages their own cash and check transactions knows that it can be frustrating to try and keep all your records accurate and matching with one another with no issues.
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