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HMHOA2021
Level 1

Where do I find the Undeposited funds in my chart of accounts? Can I add it? It is saying I can't add it. It's like it's supposed to be there but is not.

 
1 Comment 1
JorgetteG
QuickBooks Team

Where do I find the Undeposited funds in my chart of accounts? Can I add it? It is saying I can't add it. It's like it's supposed to be there but is not.

I’m eager to assist you in finding your Undeposited Funds account, HMHOA2021.

 

The Undeposited Funds account is a default account created by QuickBooks and should automatically appear in your Chart of Accounts. If you cannot find it, it may have been renamed.

 

To locate the Undeposited Funds account, please follow these steps:

 

  1. Click on the Gear icon.
  2. Select Chart of Accounts.
  3. Look for Undeposited Funds in the Detail Type column (note that there can only be one Undeposited Fund account in QuickBooks Online).
  4. Once you find it, click the drop-down arrow and select Edit.
  5. Update the name to your preference.
  6. Then Save and Close.

 

Furthermore, I recommend reviewing the following articles to assist in managing transactions after receiving payments from your customers:

 

 

Furthermore, you may want to explore QuickBooks Live Bookkeeping to streamline your accounting processes, ensure accuracy in your financial records, and provide expert support, allowing you to focus more on growing your business.

 

Thank you for allowing me to assist you today, HMHOA2021. Please let me know if you need help depositing your customer's payment into your bank account or have any questions. We are here to help!

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