Learn about the Undeposited Funds account and how to combine multiple payments together in QuickBooks.
When you put money in the bank, you often deposit several payments at once. For example, let’s say you deposit five $100 checks from different customers into your real-life checking account. Your bank records all five checks as one $500 deposit. So, you need to combine your five separate $100 records in QuickBooks to match what your bank shows as one $500 deposit.