Tag Archives: Undeposited Funds

Advice on Posting Batch Deposits in QuickBooks Online

If you are receiving both check and cash payments from customers, then you will probably be depositing multiple payments during one trip to the bank. To post the entry in your bookkeeping, this requires the use of the undeposited funds account in QuickBooks Online. This particular function can be confusing to understand and utilize in

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What is the Undeposited Funds Account in QuickBooks?

Here is a video explaining and showing how to use the Undeposited Funds account in QuickBooks:

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Using the Undeposited Funds Account in QuickBooks

The Undeposited Funds Account is a place to receive funds and hold them until they are physically deposited at the bank.  When you receive a payment from a customer and apply it either to an Invoice or a Sales Receipt, it is placed in the Undeposited Funds Account until you make the deposit and tell

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