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I don't have an 'undeposited funds' account. How to create this account?

 
5 Comments
Moderator

Re: I don't have an 'undeposited funds' account. How to create this account?

Hello,

 

You can create this account in your Chart of Accounts.  Select New.

 

Type: Other Current Asset

Detail Type: Undeposited Funds

 

Picture Below

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Re: I don't have an 'undeposited funds' account. How to create this account?


@MarshallA wrote:

 

You can create this account in your Chart of Accounts. 


I think there is a bug because I have seen many posts about this, and people have reported that you can't create this account

Moderator

Re: I don't have an 'undeposited funds' account. How to create this account?

Depending on what you choose as tasks during initial setup, I know QBO won't automatically create it.  But, I just tried in all my sample company files (7 of them) and I was able to add the account in all of them.

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Re: I don't have an 'undeposited funds' account. How to create this account?

@MarshallA 

 

7 for 7 is a good statistic.

So people are just not selecting the associated task in the set-up. I suppose you never selected it either in all 7.

 

I'm curious how you have 7 sample companies. Are you paying a subscription for all 7? Maybe this is the 5 for $5 deal

Moderator

Re: I don't have an 'undeposited funds' account. How to create this account?

@Malcolm Ziman You can setup 30 day free trial companies.  I always keep a few open at all times for testing different features and scenarios.