6 Items at the top of the bank deposit in QBO how do I get rid of them

Good day, Lisa.

Thank you for adding a screenshot. It gives me a visual representation of your concerns.

You can delete the transactions manually, so they will be removed on the Bank Deposit page. Before doing so, I'd suggest reaching out to your accountant so they can guide you on the best action without messing up the recording.

Here's how to delete them:

1. On the Bank Deposit page, click the (Name not specified) hyperlink.
2. You'll be routed to the transactions page.
3. On the transaction, click More.
4. Select Delete.
5. Hit Yes.

Repeat the steps to the other transactions.

If you want to review past bank deposits, you can click this article: Manage bank deposits.

Feel free to get back to this thread if you have banking-related concerns.

@Lisa Di Cristo 

Yikes.  That first entry is scary.  A $35K transfer into undeposited funds?  What account did that money come from and where is the money?  If $35K was transferred out of an account, it should have been put into a different account or spent and both sides of that should have been reconciled. Was the other side (transfer out) reconciled?  If so, where did the money end up because it's obviously not outstanding 3.5 years later.

The other items all appear to be journal entries from undeposited funds and look like adjustments made when reconciling so, presumably, the other side of those entries is a bank or cc account.  You will need to adjust them in 2022 with a journal entry.  To remove them from undeposited funds, you will credit undeposited funds.  The difficult part is determining which account(s) to debit.  You can debit 'Ask My Accountant' to get them out of undeposited funds temporarily, but that just kicks the can down the road and someone will need to figure it out eventually.  There's a reason the accounts were off back in 2019 and, since you are looking for the accounts to debit, that means that the business probably either overstated income or understated expenses back in 2019 and, therefore, may have overpaid taxes as well.  So, it's in the business's best interest to figure it out or contact the company's CPA to determine what is best.

In the middle of something else at the moment I will get back to you later

Thank you

Wish I could add this conversation to my personal account so I can answer when I am home

Lisa

Hi again

so the $35k was 2 amounts $32k and $3k which is the $35k in total.  The money was supposed to come out of Opt and go into PYRL. I am not sure why undeposited funds was used because this was before my time here.

I am going to look at the audit log.  I am just trying to clean this up as much as possible.  The person before me really didn't do the right job here.  This prior person just reconciled without looking for differences.  Which is why some of these differences are there.

Thanks again for your help with this.

Lisa   

Well I found it and fixed it.  It should have been Payroll not undeposited funds 

It is fixed now 

And my bank rec is not showing any differences Yayyyy

Thanks again for your help