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Level 1

Undeposited Funds and Deposit

I have an ice cream parlor. My QB online is connected with Square. I usually deposit cash in an amount that is different from the cash that is in Undeposited Funds account. The difference is not so much but I tend to round it. How can I make a deposit in Bank account and reconcile the two amounts?

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Best answer 10-15-2018

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Level 6

What are you doing with the difference? Tab down and put...

What are you doing with the difference?

Tab down and put a minus sign in (or a + sign if you are rounding up) and apply it to that acct.  

Ie, use it for office supplies.  Total deposit 101.10  Office supplies minus 1.10 net deposit 100.00

View solution in original post

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Highlighted
Level 6

What are you doing with the difference? Tab down and put...

What are you doing with the difference?

Tab down and put a minus sign in (or a + sign if you are rounding up) and apply it to that acct.  

Ie, use it for office supplies.  Total deposit 101.10  Office supplies minus 1.10 net deposit 100.00

View solution in original post

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