I need help with a client's sales receipts and how they are being recorded in QBO.
Our client is completing a service for someone and recording payment as a sales receipt. He has coded the SR to Undeposited Funds so when the bank feed happens, we have a bunch of individual items coded to Undeposited Funds. There are no cumulative deposits associated with the SR.
1. In order to move $$ from Undeposited Funds to his checking account balance, do I complete a JE?
2. In the future, do I change the default coding on his SR's to his checking account?
Thanks,
Carrie