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Do I enter this check?
You do not enter
any transaction shown on the bank statement. It is included in the ending balance, and in the QuickBooks opening balance XE "opening balance:bank account" XE "beginning balance:bank account". Being included there, it should not be entered following the opening balance. So if you see it on the prior bank statement, it does not go into the QuickBooks bank account.
Perhaps
you enter any transaction not on the bank statement. Is this confusing? Do you want definite instructions? Yes, you do enter it, but not necessarily in a direct manner. Most transactions will come in through different doors. If in doubt, you can enter checks or deposits, with the reservation that they may well prove to be duplications, and need to be edited or deleted.
If income is recorded by
invoices in receivables (or cash sale forms)
the payments should not be recorded directly
in the bank account. Chapter 7 tells
how to handle them, through
Receive Payments and Make Deposits.
Likewise, purchases through payables get into the bank account through
Pay Bills,
which creates checks. Employee pay checks need careful planning. Payroll liabilities will probably be recorded in payroll setup.
Any transactions
representing distributions to the owner, or
contributions from the owner, will go
directly into the bank account. This
may also be the case with income or expenses
of a prior accounting period, if receivables
and payables are not involved. Direct
cash transactions, for any period, can go
directly into the bank account.
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