When you say deposit, I think banking


If you are making the opening entry when you create the inventory item, then it posts by default to opening balance equity, the “deposit” is to the asset account listed on the item screen.


inventory type items do not work real well for fixed assets, […]

Resolution for 'balance recorded issue: 'Inventory opening balance recorded as a deposit' available: Yes.

The balance recorded issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the balance recorded issue yourself by looking for a resolution described in the article. If it is a complex balance recorded issue or you are unable to solve the issue, you may contact us by clicking here or by using other balance recorded support options.

For more information about resolving issues related to balance recorded in Quickbooks/QBO or to get support for the issue 'Inventory opening balance recorded as a deposit', click the link below: