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One Check Two Invoices Two Bank Accounts

pjboyle317

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.

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NotACPA

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.

pjboyle317

Thank you

NotACPA

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.

pjboyle317

Yes, both at same bank
Deposit is made via mobile phone

pjboyle317

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

retird

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?

pjboyle317

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.