How would I go about identifying what a PPD deposit is for?

Forum|Forum|1 year ago
January 24, 2025
3 replies
84 views

I have a deposit in the amount of $808.37 with the description being "LP MASTER COLLEC CONS PAY PPD ID: 3856315610

Is there a way to find out what this is related to?

Individual

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Jim-from-Ohio

Intuit Community Champion

Google says this as maybe: The check you receive at the closing of your workers' compensation claim is the payment of a permanent partial disability award (or PPD award). When you cash that check, it does not settle your claim, and that check is not a settlement award.

Just-Lisa-Now-

Intuit Community Champion

Call the bank? Ask the client to check their records to see what it might be?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

qbteachmt

Level 15

Electronic banking done by ACH (automated clearing house) require codes. For example, DDA is Demand Deposit Account, meaning, checks and deposits for checking.

PPD stands for Prearranged Payment and Deposit Entry, which is used for direct deposits and recurring payments.

Did you sell something? What is your business? LP Master could relate to vinyl (records).

You also are lost on the internet. You posted in a software peer user group for tax preparation using ProSeries.

Is there somewhere we can direct you to?

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