What account do I credit when entering cash payments?

What account do I credit when entering cash payments?

To enter cash payments in QuickBooks, you can create a bank deposit or receive a payment in the invoice. Refer to these steps to get this done right away.

Create a Bank deposit:

1. Go to the +New menu and select Bank Deposit. 
2. In the Account dropdown, choose the account you want to put the money into.
3. From the Add funds to this deposit field, enter the info of the cash payment.
4. Hit Save and close when done.

To receive a payment:

1. Select the +New button and click Receive payment. 
2. Choose the customer name.
3. Pick Cash as the Payment method.
4. Click the invoice under the Outstanding Transactions section.
5. Hit Save and close one finished.

Also, to get a list of all payments and invoices for each of your customers, you may pull up the Invoices and Received Payments Report.