Undeposited Funds Account Report in QuickBooks

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Creating an Undeposited Funds Report in : QuickBooks Pro, Premier, Accountant, or Enterprise
  1. Hector Garcia CPA
  2. quickbooks
  3. qb
  4. quickbook
  5. undeposited
  6. funds
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Hi! May I ask when will you know when to transfer the amount from undeposited funds to the bank account? Is the undeposited fund always used when receiving payment or we can skip it and transfer it directly to the bank account? If we're required to use undeposited funds to receive payments, is it a must that undeposited funds should be zero when all payments are received and transferred to the bank? I'm confused, hope you could help me. Thank you so much!

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