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QuiveringSporks
Level 1

"Undeposited funds" account not found anywhere QuickBooks 2020 Non-Profit

I probably spent an hour the other day searching for the "Undeposited Funds" account in QB 2020. I can't find it ANYWHERE. I made sure to unhide the inactive accounts, and went through just about every screen in the program. What am I missing? If it somehow got deleted by another user, is there a proper way to recreate it where QuickBooks will actually let you "move" money into it before making the deposit?

2 Comments 2
Rustler
Level 15

"Undeposited funds" account not found anywhere QuickBooks 2020 Non-Profit

very odd, enter a sales receipt, use ctrl+Y to see the journal entry and see what the name of the account is that the funds are depositing to, could be someone renamed it.

 

in preferences>payments>company tab set it to use undeposited funds as the default, that might turn it on/create it if necessary

BigRedConsulting
Community Champion

"Undeposited funds" account not found anywhere QuickBooks 2020 Non-Profit

Usually it'll be created automatically the first time you create an A/R Payment transaction or a Sales Receipt.  What happens when you do that?

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