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QuickBooks Desktop is a popular accounting software that offers various features to manage your business finances. One of the crucial functions of QuickBooks Desktop is the ability to record and manage deposits. However, there may be times when you need to delete a deposit from your records. It could be due to various reasons, such as incorrect data entry or a customer requesting a refund. Whatever the reason may be, it’s important to know how to delete a deposit in QuickBooks Desktop accurately. In this article, we’ll discuss the step-by-step process of deleting a deposit in QuickBooks Desktop, along with some frequently asked questions related to the topic.

How to Delete a Deposit in QuickBooks
These steps will help you to understand the correct procedure for removing deposits in QuickBooks.

At the very first, go to the Lists and look for the Chart of accounts icon.
Next, you need to double-click on the Account and also double-click on the Deposit.
If you need to delete a specific payment, then you have to select it from the list.
Next, click on the Edit tab and click on the Delete Line.
At last, select Delete Deposit in case there is a need to delete the complete deposit.
Here is the full detailed procedure for deleting a deposit in QuickBooks Desktop and QuickBooks Online.
Deleting a Deposit in QuickBooks Desktop
For deleting a deposit in QuickBooks Desktop, follow these steps:

1. Select Check Register
Open your QuickBooks Desktop homepage and under the Banking menu, go to Check Register. You can also click on the banking menu at the top of your screen and from the drop-down list, click on Use Register.

2. Select the Bank Account
You have to choose the bank account where you recorded the incorrect deposit. Go to Select Account and then from the drop-down you can select the account.

3. Find the Deposit you want to delete
After doing the above step now go to the Check Register and find the deposit you want to delete. Most of the deposit comes from undeposited funds. Checks which are received are applied against sales receipts or invoices and are deposited into the undeposited fund’s account. When these checks are deposited in the bank from the undeposited fund’s account, they are combined into a single deposit transaction. All the checks should reappear in the undeposited funds account if you delete that deposit.

4. Delete or void the deposit
The deposit screen will appear after selecting the deposit to delete. The deposit screen doesn’t have any delete button. To delete your deposit, click on the Edit menu at the top of the screen and click on Delete Deposit. The void option is removed completely after deleting the deposit. But voiding the deposit, the amount becomes zero, and the transaction is recorded in QuickBooks.

Deleting a Deposit in QuickBooks Online
You can delete a deposit in QuickBooks