In businesses, not all payments are made using cheques, debit cards or credit cards. Some payments are made by cash. This is common especially on small companies that provide home repairs or other services directly to consumers. In order to keep your company’s account up up to date and detailed, you may use the n”Make Deposits” tool in QuickBooks. This software enables you to record your cash transactions easier and faster.
To start off, launch your QuickBooks and then click on the Banking tab in the main menu. Here, you will see the “Make Deposits” in the pull-down menu. “Payments to Deposit” will appear and you can select cash payment, then click OK. If in case the “Payments to Deposit” does not appear automatically, go back to the “Make Deposits” window and click on “Payments”.
Select the bank account you want to deposit the cash payment from the “Deposit To” list. Then, enter the important details like date, details and cash deposit amounts in the space provided. If you enter more than one cash amount, QuickBooks will automatically sums up all the amounts and enters them as one cash sum on the deposit slip. Click on the “Print” button to print out the deposit slip, then click “Save and Close” to save the cash deposit and exit the “Make Deposits” window.