Payments
Hello,al252.
In QuickBooks, you can utilize the Undeposited Funds account to temporarily hold customer payments. This prevents the payments from being directly deposited into your actual bank account.
To help you through this, I will provide some useful steps:
- Go to Edit.
- Click Preferences.
- On the left side of the screen, select Payments.
- In the company preferences, make sure to select the Use Undeposited Funds as the Default Deposit Account.
- Then click OK.
I will include an article to assist you on how to properly allocate payments on the Undeposited Funds in your QuickBooks account: Deposit payments into the Undeposited Funds account in QuickBooks Desktop.
When you're prepared to deposit customer payments, navigate to the Record Deposits / Make Deposits page and log them there. Refer to this article for guidance: Record and make bank deposits in QuickBooks Desktop.
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