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fluff147-hotmail
April 2, 2023
Question

If I receive cash payment why dose it get registered as undenposited funds instead of going in cash in hand?

  • April 2, 2023
  • 1 reply
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1 reply

Rubielyn_J
Rubielyn_J
April 2, 2023

Let me share some insights about Undeposited funds, fluff147.

 

The Undeposited Funds account in QuickBooks Online serves a special function. It's a unique temporary and default account that QuickBooks uses to hold payments before you deposit them into the bank.

 

When entering payments in QuickBooks, you can directly select Cash on hand from the Deposit to drop-down menu. In this manner, they will no longer be recorded under Undeposited Funds.

 

 

Additionally, here are some articles you can utilize to learn more about the functionality of the Undeposited funds in QuickBooks:   

 

 

If you need more assistance with receiving payments, please don't hesitate to post them here again. I'm around to help always. Have a good day!

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