Just wondering if you found any answers to how to clear the undeposited funds account in your QBO. I have the same issue with our quickbooks.  The funds have cleared the bank and all accounts are reconciled, but the P&L and balance sheet are not correct at all.  I saw there is about $10,000 in undeposited funds.  I have no idea what that is or why it is there, but I have feeling it has something to do with why the reports are not correct. Need help. I have watched a lot of videos, but nothing yet corrects the situation.