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Recording Deposits are Income/Profit - Reckon Accounts

Paul van Breugel

Hi, im reasonably new to Quick books. i have my deposits recorded, but it doesnt show as income when i check comany snapshot or when i view profit and loss statement. How do i record or adjust accordingly?

Comments

Inigo

Hi Paul,

Deposits end up in a Bank Account.

Amounts deposited into a "bank" type account will not appear in a Profit and Loss statement report. You will see those amounts in the Balance Sheet report.

Here is a quick 10 minute YouTube video on basic accounting that may help you.

Some free training tutorials on how to use QuickBooks

note that the product being referred to in these tutorials is the USA version of QuickBooks by Intuit, however the basic principles are the same for Reckon Accounts

-IM
Tips on asking good questions to get good answers