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How do I reconcile th undeposted funds on the balance sheeyt

 
1 Comment
QuickBooks Team

Re: How do I reconcile th undeposted funds on the balance sheeyt

Hello office32,

 

Welcome to the Community. I'm here to assist you by providing additional clarification on the Undeposited Funds account in QuickBooks Online.

 

The Undeposited Funds account is only an internal other current asset account created by the system to keep your funds until you're ready to deposit them. You can use the Bank Deposit feature to transfer the payments into your actual bank and reconcile QuickBooks accounts against your bank statements.

 

Here's how:

 

  1. Click the Plus sign.
  2. Below Other, click Bank Deposit.
  3. Below Select the payments included in this deposit, put a check mark on the payments you want to deposit.

For the detailed steps and visual reference, I'm adding the article I recommend on this:

 

How to Use the Undeposited Funds Account to Receive Payments in QuickBooks Online.

 

In case you need more insights into reconciliation, you can also check this link for additional reference:

 

Reconcile your accounts.

 

I want to ensure that you're able to reconcile your accounts, so please feel free to let me know how it goes. If you should have any questions, I'm just a click away.

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