One Check Two Invoices Two Bank Accounts

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How do I receive 1 check to pay 2 invoice? Two invoices each with its own bank account.

Currently, I receive payment for each invoice and deposit the check to one bank account. Then I transfer the correct amount to the other bank account. Resulting in a double deposit to the one account. Once w the invoice payment and once with the transfer. Thank you for any insight.

Answers

  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
    edited April 10
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    You can't, in reality, deposit 1 check into 2 bank accounts.

    So your method, recognizing that the transfer negates the portion that doesn't belong in that one account, is probably the best you're going to get.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • pjboyle317
    pjboyle317 Member
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    Thank you

  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
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    I may have another idea about this, but I need a bit more info.

    1) Are the 2 bank accounts at the same bank?
    2) How are you, currently, physically depositing that check? In person at the bank, or electronically. Because in person you COULD use 2 deposit slips to split the deposit. Don't know, but kinda doubt, that an electronic deposit (say, via your phone) could be split.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • pjboyle317
    pjboyle317 Member
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    1. Yes, both at same bank
    2. Deposit is made via mobile phone

  • pjboyle317
    pjboyle317 Member
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    The bank phone app does not provide for splitting the deposit to 2 accounts. Thank you

  • retird
    retird Member ✭✭✭✭
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    I may not be reading the OP right but the total deposit goes into 1 account. Then a transfer of part of the total deposit is transfered to another account. How does that give you 2 deposits to the first account that received the total deposit first?

    Windows 11 (2 separate computers)..... Quicken Premier.. HAVE USED QUICKEN CONTINUOUSLY SINCE 1985.

  • pjboyle317
    pjboyle317 Member
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    Receiving payment for each invoice adds the appropriate amount to each account within Quicken. But the actual check has been deposited in full to one of the accounts. So I have to transfer the appropriate amount to the other account…resulting in one deposit and one transfer of the same amount within the Quicken account ledger.

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