Skip to main content
May 19, 2020
Question

I need a undeposited funds acc so my construction tools app can sync with quick book but I can’t find a way to set this up please can someone help me

  • May 19, 2020
  • 1 reply
  • 0 views
Original commenter did not share additional details

1 reply

katherinejoyceO
May 19, 2020

Hi there, @richard78.

 

Thanks for visiting the Community. The Undeposited Funds account is one of the default accounts in the Chart of Accounts. This holds payments received until you deposit them to the bank.

 

QuickBooks will automatically create this when you record a payment for an invoice or sales order for the first time. For more insights, read through this article: Understand the chart of accounts in QuickBooks

 

Here's how to put payments into the Undeposited Funds account: 

  1. Click the + New menu in the left tab, then select Receive Payment.
  2. Choose the customer from the Customer drop-down menu.
  3. Check the boxes for the invoice you’re receiving payments for.
  4. From the Deposit to drop-down menu, select Undeposited Funds.
  5. Click Save and close

 

For future reference, read through this article: Record and make Bank Deposits in QuickBooks Online. It also helps you learn about how to merge multiple transactions into a single record when it's time for you to deposit the funds to the right account.  

 

Let me know if you have additional questions. I'm always around to help you more. 

 

 

Mark the post that answers your question by clicking on "Accept as solution".