Depositing Money into a Checking Account
You can’t write checks unless you deposit some money in your checking account. You didn’t know that? Well, the next time you’re taking your exercise in the prison yard, give it some serious thought. From time to time, you must deposit money in your checking account and record those deposits in the register.
You can record deposits in two ways. Find out about those ways in the following sections.
Recording simple deposits
If you have a simple deposit to make — a sum of money that didn’t come from one of your customers — just make the deposit directly in the register.
Suppose that your elderly Aunt Iris sends you $100 with a note explaining how more than 80 years ago, Great-Uncle Bert started his hammock manufacturing business with only $100, and for good luck, Aunt Iris is sending you $100 to help you along.
Recording a simple deposit is, well, pretty simple. Follow these steps:
1. Open the register.
Choose Banking⇒Use Register, or click the Register icon in the Banking section of the Home screen. If you have more than one bank account, QuickBooks displays the Use Register dialog box. Select the checking account into which you want to make the deposit, and click OK. QuickBooks displays the register window (refer to Figure 8-2).
2. In the Date column, enter the date on which you made the deposit.
3. In the Payee column, enter the name of the person or business that sent you money.
Don’t worry if QuickBooks adds a check number in the Number ...