I recently went to run my year end report and on my profit and loss report it is only showing a fraction of my sales. The sales it is not showing are the ones Quickbooks recorded under undeposited funds. I went to the undeposited funds in my chart of accounts and it says the only way to edit them is to delete the transactions and re entree them. I did a test run and the same thing happened. I cannot figure out how to make these sales record to my bank account and not the undeposited funds account. Please help!
Undeposited funds is just where QB holds the money you receive, think of it like a desk drawer where you put the checks received until you can get to the bank to deposit them
Sales income comes from the income account you select on each item you sell. If you are not seeing income being posted then you need to check each item that was used for those sales
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