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Thank you, jenop2, for the explanation. So now I won't worry about those deposits still indicating "Undeposited Funds" as the Account.
I was having this same issue and then I realized… if you go to the chart of accounts and run a report for the account “undeposited funds”, you will see a ton of of numbers in there, however, if you scroll all the way to the bottom, the balance should show as $0 if everything has been properly deposited. Usually each will show two transactions, one for the payment and then a second for the deposit. Hope that helps with your situation!
Yes! I found it confusing as well because I thought there shouldn’t be any transactions in there. As long as the balance is $0, you’re good to go! Crazy they couldn’t answer that for you a year ago lol
Yeah, no kidding! But your reply helps a lot, it totally makes sense. Thank you!
Exactly, no kidding! Your answer will definitely help me going forward. You rock! Thank you!
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