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I can share some information about the Undeposited Funds Account in QuickBooks Online (QBO), @cchekaa.
The Undeposited Funds Account is used as a temporary account used to hold payments before you can record them as Bank deposit in QBO. To know more about this function, refer to the following article: What’s the Undeposited Funds account?.
You can simply create a bank deposit to clear out your Undeposited Funds Account and deposit it to the right accounts. Follow the steps below:
Refer to this article for more information on clearing out your undeposited funds' account: Record and make bank deposits in QuickBooks Online.
To see the entire Undeposited Funds Workflow, check this article: How to Use the Undeposited Funds Account to Receive Payments in QuickBooks Online.
Let me know if you have further questions about the undeposited funds and or anything else, by leaving a reply below. Take care and have a wonderful day!
I can share some information about the Undeposited Funds Account in QuickBooks Online (QBO), @cchekaa.
The Undeposited Funds Account is used as a temporary account used to hold payments before you can record them as Bank deposit in QBO. To know more about this function, refer to the following article: What’s the Undeposited Funds account?.
You can simply create a bank deposit to clear out your Undeposited Funds Account and deposit it to the right accounts. Follow the steps below:
Refer to this article for more information on clearing out your undeposited funds' account: Record and make bank deposits in QuickBooks Online.
To see the entire Undeposited Funds Workflow, check this article: How to Use the Undeposited Funds Account to Receive Payments in QuickBooks Online.
Let me know if you have further questions about the undeposited funds and or anything else, by leaving a reply below. Take care and have a wonderful day!
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