Tag Archives: Undeposited Funds

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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