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How to Use Undeposited Funds Account to Receive Payments in Qui
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Posted by josephine william Filed in Business #Undeposited funds account in QuickBooks online 41 views
Undeposited funds account in QuickBooks online serves a special function; It is a special temporary account that is used by the QuickBooks accounting software for holding the payments that are received from invoices before the user deposits them into the bank account. For users who import payment data from external processing services, and do not process transactions via QuickBooks payments, this workflow is essential. To learn the steps involved in this process, make sure to read this post till the end or you can also consult our experts at +1-844-405-0907 and they will provide you with further information.
Also Read: QuickBooks does not start error 80040408
Steps to Deposit Undeposited Funds in QuickBooks?
One can try performing the below set of steps in QuickBooks online to deposit the undeposited funds. Let us have a look:
- The first step is to click on the banking tab and then choose make deposits.
- After that, the user needs to choose the payments from undeposited funds that the user wishes to deposit.
- If the payments to deposit window doesn’t open on its own, then make sure to choose payments on the make deposits window.
- After that, the user needs to click on ok tab.
- And then head forward and click on the deposit to list.
- Now, select the bank account for the deposit purpose
- Followed by typing in the date in the date field and if the permitted, then enter any additional payments to deposits.
- The user is then required to click on print tab so that the user could have a hard copy of deposit slip.
- The last step is to click on ok tab so that the transaction could be saved and after that take the slip to the bank and deposit the funds into the account.
Towards the end of this post, we believe that the information shared in above might be of some help in depositing the undeposited funds in QuickBooks online. However, if the user is having any queries or if the user requires our assistance at some point in time, then, in that case, consulting our QuickBooks Enterprise helpline numberat +1-844-405-0907 is recommended. We are a team of certified professionals helping QuickBooks users to get rid of QuickBooks-related queries.
