It's my pleasure to help you today, BAUSA.
Let's sort this out so we can find a solution to the reconciled deposits showing on your Undeposited Funds (UF).
This can be fixed depending on how these deposits were being deposited. Let's go over and open the original deposit to which the account should be deposited. From there you can add the payments and remove the manual line item to the sales/income acct.
Open the Deposit Detail report to find the deposit. Here's how:
- Go to Report.
- Enter Deposit Detail in the search field.
- Click it and find the deposit transaction from there. Click to open it.
Otherwise, create a giant deposit using the Bank Deposit feature. This will deposit all of the undeposited funds to the right account. Make sure to enter an equal but negative amount under the same account to zero out the total. For the funds not to increase to your checking account, please ensure to fill in the correct information on the Deposit page.
Here's how:
- Go to +New icon.
- Choose Bank Deposit.
- Fill in the necessary information.
- Use the correct account when creating the deposit under the Account column on the Add funds to this deposit section.
- Once done, click Save and close.
To learn more about deposits, you may check this article: How to Record Bank Deposits in QuickBooks Online.
Both methods can fix your issue with the reconciled deposits shown in the UF. However, I recommend you do this under the guidance of your accounting professional. This is to prevent you from messing with your books since these are old transactions.
You know where to find me if you have any other banking or deposit concerns, I'll be always here to help you. Have a great day ahead.
