Another method used to record income in QuickBooks is that of a deposit. The downside to using this method is that you won't have a detailed record of the type of service that was performed since there is no field to select the service or product provided. This method should be used if you don't need to record your sales by the type of product or service that was sold. You can record a lump-sum deposit amount for multiple sales, or you can record deposits for a specific customer. Recording a deposit in QuickBooks can be done in just a couple of steps.
Follow these steps to record income in QuickBooks using a deposit:
- From the +New menu, select Bank deposit in the OTHER column, as indicated in the following screenshot:
- The following screenshot shows a snapshot of the Bank Deposit form, along with a brief description of what to include in each field:
Brief descriptions of the fields that need to be completed in a deposit slip...