QuickBooks Desktop Undeposited Funds Tutorial

Do you ever...
1. Get frustrated when you reconcile your bank statement?

2. See a deposit show up in your bank account, knowing that it's made up of several individual payments received in QuickBooks?

3 . Become annoyed with the time it takes to match things up?

We often see business owners struggling with this. You can avoid this frustration simply by using the Undeposited Funds feature.

If you don't use Undeposited Funds, then QuickBooks thinks that each check is deposited to your bank account individually.

Say, for example, that you take two checks to the bank: one check is for $100 and one check is for $200. The bank adds the checks and records a deposit of $300 to your bank account. QuickBooks, however, records individual deposits of $100 and $200. When you're reconciling your bank account, nothing matches up!

The following video will walk you through a mock scenario of how to receive payments using Undeposited Funds.

[Olenka]

Excellent video - on point and easy to understand! Thank you.

[lisam]

When does "undeposited" get assigned to the correct

[hafsacisman]

Manufacturing that contains branches in a difference location how to create one quick book?

[arsanchez]

what if i have not done this since 2007, what should i do ? how do i zero out? and start fresh

[lodiongsam]

if the undeposited fund is to be transferred to bank direct where does the cash go to

[vanessaquach]

Thank you very much for this video. It is precise and right to the point of what I'm looking for assistance.