What information must be included when categorizing a bank deposit?

When categorizing a bank deposit in QuickBooks Online, it is essential to include the amount, date, account, and purpose of the deposit. This comprehensive set of information ensures that the transaction is recorded accurately and allows for effective tracking and reporting of financial data.

The amount is necessary to reflect how much money is being deposited. The date is crucial for establishing when the transaction occurred, which affects cash flow and financial statements. The account defines where the money will be recorded within the bookkeeping structure, whether it’s a specific income account or another type. Lastly, the purpose of the deposit allows for greater clarity and categorization of income sources, which aids in analysis during financial reviews and reporting.

The other choices lack crucial components. For example, only including the amount and account details omits the date and purpose, which can lead to confusion regarding the timing and reason for the transaction. Reporting only the total income for the month ignores the transactional details that are necessary for accurate bookkeeping. Focusing solely on the payment method used does not provide a complete picture of the deposit and its impact on the accounts. Thus, A is the only complete and accurate choice for categorizing a bank deposit correctly.