What is the next step after depositing checks in QuickBooks Online?

After depositing checks in QuickBooks Online, the logical next step is to record that bank deposit. This is crucial for maintaining accurate financial records. When you deposit checks, it is essential to ensure that the transaction is officially logged in your accounting books to reflect the actual cash balance available in your bank account.

Using the "+ New > Bank deposit" option allows you to enter details about the deposit, including the accounts involved and any relevant notes. It helps track incoming funds accurately and ensures that your financial statements, such as the income statement and balance sheet, are up to date.

For the other options: creating an invoice is typically used for billing customers for services or products rendered, receiving payments applies to recording payments made by customers against their outstanding invoices, and recording an expense is related to logging costs incurred in the course of business operations. None of these actions pertain directly to the immediate task of documenting a bank deposit that follows after checks have been deposited.