How to Delete a Deposit in QuickBooks?

QuickBooks users record their deposits in the software so that it exactly matches their bank records. In case, the bank records the payments separately, they need to add each payment one by one. The software allows its users to connect their bank accounts and perform transactions directly from QB. Sometimes, it happens that deposits are added or recorded incorrectly in the account register. In such cases, it becomes essential to undo the deposits without eliminating it from the company’s payment record. For this, you need to know the procedure of how to delete a deposit in QuickBooks.

The process to add deposits to the company’s account is quite simple. Here, let’s try to understand the correct method to delete the incorrectly recorded deposits.

How to Delete a Deposit in QuickBooks?

These instructions will help you in understanding the right procedure of how to delete a deposit in QuickBooks. If you are wondering how do I delete a deposit in QuickBooks, then these steps will aid you:

1. Firstly, you need to click on lists.
2. Then, click on the chart of accounts icon.
3. Now, you have to double-click on the account.
4. Next, double-click on the deposit.
5. In case, you want to delete a particular payment, you need to choose it from the list.
6. Click on the edit tab.
7. You need to click on the delete line.
8. Finally, click on the delete deposit in case there is a need to delete the entire deposit.

After learning the process of how to delete a deposit in QuickBooks, you need to know how to delete a payment from a deposit in QuickBooks.

Steps to Delete a Payment in QuickBooks

In case you have decided not to accept a payment, you can use the edit menu in the software to completely delete the payment:

1. In the beginning, on the QuickBooks home page, you need to click on the record deposits
2. Now, click on cancel if you see a payment to deposit window on your system’s screen.
3. Next, place the particular deposit that you have to delete. In case you didn’t find it, click on the previous
4. Finally, you need to click on the edit menu and then click on delete deposit. With this, click on ok if you want to delete the payment.

Steps to Delete a Payment from Deposited Funds

You need to follow these steps in case you have mistakenly made the payment to the customer in another account:

1. Initially, go to the QuickBooks home page. You need to click on the lists menu and then click on the chart of accounts.
2. Then, double-click on undeposited funds.
3. Now, click on the particular payment that you have to delete.
4. In the end, open the edit menu, and then click on delete payment. With this, click on ok to delete the entry.

Also Read: How to Fix QuickBooks Error 176109? – Invalid Product Number?

Steps to Delete Duplicate Payments in QuickBooks

The chances of duplicate payments may occur in QuickBooks. If you have accidentally added the payment of a customer twice, these steps will help you to delete duplicate payments in QuickBooks:

1. Firstly, open the software and then click on the company file to open it.
2. Next, go to the banking menu and then click on make a deposit.
3. Now, click on the line from where you have to delete duplicate payments and then click on edit.
4. You need to click on the delete line.
5. Click on save.
6. Thereafter click on the Chart of Accounts.
7. You need to double-click on the undeposited fund's icon.
8. Finally, go to the duplicate payment. You need to use the edit button and then click on delete payment.

How to Undo a Deposit in QuickBooks?

These steps will help you to get back your deleted deposited amount from QuickBooks:

1. Initially, on the QB homepage click on the record deposits icon. You need to click on make deposits.
2. Now, if the payments to deposit window open on the PC screen, then click on the cancel icon.
3. Click on the previous icon.
4. Lastly, click on the edit menu and then click on delete Deposit.

Hopefully, with the aforementioned steps, you have got an understanding of how to undo a deposit in QuickBooks. Now, let’s move to the final steps of deleting undeposited funds.

Steps to Delete Undeposited Funds

Undeposited funds in QuickBooks keeps a record of remaining customer payments till you are capable to pay the amount. Understanding the process of deleting undeposited funds are essential to clear them:

1. Firstly, click on the lists menu.
2. Now, you need to click on the chart of accounts.
3. Next, you have to double-click on undeposited funds.
4. Afterward, click on the deposit that you have to delete.
5. Finally, click on the edit menu, and then click on delete payment.

Conclusion

Hopefully, you have got an understanding of how to delete a deposit in QuickBooks. We had begun this blog with the purpose to delete a deposit in QB and the process of deleting it. Secondly, we have also discussed the steps of how to delete a payment in QuickBooks, how to delete a payment from deposited funds, how to delete duplicate payments in QB. Lastly, we charted the steps involved to delete undeposited funds. In case you ever mistakenly add the deposits inaccurately, then you can take the help of this blog.