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FastNotePro2B
Level 1

Only QuickBooks can make deposits from Undeposited Funds

I'm taking a QuickBooks class and in the QB 2019 book, it's requesting me to make a deposit. I enter in the date, customer, amount, account to (Checking) and the from account is supposed to be "Undeposited Funds" but QB keeps giving me the error: (Please see attached screenshot)

Thank you for your help in advance!

 

 

 

Solved
Best answer September 27, 2020

Best Answers
RCV
QuickBooks Team
QuickBooks Team

Only QuickBooks can make deposits from Undeposited Funds

It's great to know you're taking QuickBooks class in managing your business. Let me clear some things with you, FastNotePro2B.

 

The option to manually add the Undeposited Funds account when creating a Deposit is unavailable. You'll encounter the warning message since the Undeposited Funds is an internal account of the software. What we can do is to put the put payments into that account. Then, record a bank deposit and combine the payment in QuickBooks.

 

From there, all payments in the Undeposited Funds account will automatically appear in the Bank Deposit window. See Deposit payments into the Undeposited Funds account in QuickBooks Desktop article for the steps and details.  You can also check out the image below on how the account works:

 

Undeposited Funds 01.PNG

 

Visit our Banking page for more insights about managing your bank transactions in QuickBooks. 

 

You can always count on me if you need a hand with reconciling your accounts or any QuickBooks related. Assistance is just one click away. You have a good one, 

View solution in original post

1 Comment
RCV
QuickBooks Team
QuickBooks Team

Only QuickBooks can make deposits from Undeposited Funds

It's great to know you're taking QuickBooks class in managing your business. Let me clear some things with you, FastNotePro2B.

 

The option to manually add the Undeposited Funds account when creating a Deposit is unavailable. You'll encounter the warning message since the Undeposited Funds is an internal account of the software. What we can do is to put the put payments into that account. Then, record a bank deposit and combine the payment in QuickBooks.

 

From there, all payments in the Undeposited Funds account will automatically appear in the Bank Deposit window. See Deposit payments into the Undeposited Funds account in QuickBooks Desktop article for the steps and details.  You can also check out the image below on how the account works:

 

Undeposited Funds 01.PNG

 

Visit our Banking page for more insights about managing your bank transactions in QuickBooks. 

 

You can always count on me if you need a hand with reconciling your accounts or any QuickBooks related. Assistance is just one click away. You have a good one, 

View solution in original post

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