Hi there,
Working with American currency is a breeze with QuickBooks Online Essentials or Plus, as the Multicurrency feature lets you set up and track foreign funds. Creating a separate Undeposited Funds account for your USD transactions is such a smart idea, and it'll help keep things organized. I'd be happy to guide you through the steps to set this up.
Follow these steps to create an Undeposited Funds account with USD:
1. Click the Accounting tab on the left navigation menu.
2. Select Chart of Accounts.
3. Click New.
4. Select Current Assets as the Account Type.
5. Select Undeposited Funds as the Detail Type.
6. Name the account Undeposited Funds - USD.
7. Select USD from the Currency drop-down menu.
8. Enter any other necessary information, such as Default Tax Code and Balance.
9. Click Save and Close.
Now you'll have a separate USD Undeposited Funds account. I hope this helps get you back to business.
If you have any other questions about this, don't hesitate to reach out to our tech support team.
Have a wonderful day.
