received payment undepoisted funds

You're in the right place, Abacus3247. I'm here to explain how it works in QuickBooks.

The Undeposited Funds is a special temporary account. It holds customer payments until you deposit them at your real-life bank. Once you have the slip, you can combine the transactions into a single record so our software matches the bank record. 

I suggest doing this moving forward since the funds are added to your bank account. When you receive the payment, you'll have to use Undeposited Funds as the Deposit to account.

Once you're ready to deposit the funds to your bank account, here's how you can do it:

1. Click the New button.
2. Go to Bank deposit.
3. Select the payment.
4. Ensure the Account is correct.
5. Click Save and close.

You can also refer to this article for more information: How to Use the Undeposited Funds Account to Receive Payments in QuickBooks Online.

If any questions arise, feel free to click the Reply button below. We'll respond as soon as we can.

OK I understand this first step, but now, once I created the deposit how do i match with what I have on the bank screen to clean match the transactions.

Thanks

Ariel

Hello again, abacus3247.

Once you created a bank deposit and deposit funds to the bank account. You can now go to the banking page to match the bank deposit.

Here's how:

1. In the left menu, click Banking or Transactions. 
2. Select the tile of the bank account where the fund's deposit.
3. Go to the For Review tab.
4. Find the downloaded transaction for the deposit and click on it to expand the view.
5. Review the Matching records found. 
6. Click Confirm.

Once done, downloaded transactions recorded into QuickBooks. 

To learn more about how to match bank transactions in QuickBooks, see this article: Categorize and match online bank transactions in QuickBooks Online. After that, you have the option to do your regular bank reconciliation. 

For future help, here's some resource to help you get ready during tax season: 

• Year-end checklist for QuickBooks Online Payroll
• QuickBooks Online Year End Prep and Resources

Stay in touch if you have any other questions about matching your downloaded bank transactions into QuickBooks Online. I'll be delighted to be your guide once again. Have a great day.