How do I fix Undeposited Funds for a Deposit Already Recorded and Reconciled on QuickBooks Online

If you already reconciled the deposit and see that it was not matched with the payment sitting on Undeposited Funds this is an step by step tutorial on how to fix it.
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Link for how to clear undeposited funds when account is not reconciled:

[LeoraBaumgarten]

Thank you. This was very helpful. When customers pay via the QB online bill payment system, the funds were being automatically added to 'Undeposited funds". I didn't realize this was happening and the register for Undeposited funds was showing a balance. I was able to solve the problem following your instructions!

[MitchWendt]

Thank you for the video, when I select the hyperlink of a deposit in the categorized bank feed to open the bank deposit page, it shows up in the "deposit funds to" section like your video. Although, when I go through the undeposited funds list there are no transactions that show in the date range or any that add up to that amount for that matter. Any help is appreciated!

[briteeye]

this video is everything! Thank you!!!!

[RawRecords]

Hello Claudia! is it possible we can have a quick meeting where i can show you my QBo file. I have A/R entries (Transactions) uncleared in Bank Rec. however, those are already matched in QBs directly with bank feed. previous months are already reconciled. can you help me on how to rectify those. i cannot even delete them as they are recorded correctly in QBs. Thank you,

[jeeptjfishingspi]

Hello, good afternoon, I have a question and I am new with Quickbooks, a deposit appears in hold, I checked and I see that it says that they require information from me and I checked the email to continue, but I have nothing in my inbox from me email and I urgently need to release that payment since it is the material of one of my clients,

could you help me ?

[latwuniawilliams]

It seems like doing it this way duplicated them since they were already on the register. Do you have an update on an alternative way to fix this? I seen another video mentioning a dummy account. Can you please advise?

[MitchWendt]

hello, thank you for this helpful video! When I go through your steps I get a warning that this change may affect my reconciliation, where as you did not in your video. Why am I seeing this?

Thank you!

[debbietrauner]

How do you know what individual payments to match to the total deposit?

[Jenn-ky]

Prior to reconciling, how do I fix payments recorded to clients bank account instead of undeposited funds?

[Armando-nrlz]

I have a question, I use USD and CAD (CAD being home currency), but on the undeposited funds account, it recorded a lot of transactions with the exchange rate 1USD=1CAD, when I tried to record the correct exchange rate, it subtracts the CAD balance from the USD deposit and the difference is being recorded as exchange gain or loss, what do you suggest?

[annettecrone]

How long does it take for the changes to show up on the balance sheet?

[ImperiaZacarias]

I have a duplicate "deposit" that was entered as a journal entry from 2020. The other "deposit" was matched and reconciled it is correct. Now it's 2024 and I need to correct this. When a make a je to reverse this i am seeing it in my undeposited funds account. What can I do to fix this?

[tristendodd]

My deposits came through as QB payments via the payment link. Will this process work for those, too? They're not showing in the Categorized tab, but I can find them in chart of accounts register. Is it ok to adjust them there?

[MaeA.-djul]

hi, how to fix if the payment if the payment was incorrectly reconciled and not applied to the invoice, but it was already marked as 'R'? can I click undo the transaction?

[JanetnAtlanta]

I am so sorry but I just didn't understand. I feel defeated as this did not work for me but perhaps its because I am asking for a different scenario. I have one invoice payment that I coded as Payments to Deposit, This deposit has been reconciled and I am needing it to be changed to as deposited. I have 50 invoice payments that incorrectly added and now they are reconciled.