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ron-kirsch
May 22, 2025
Question

how do you deal with Undeposited Funds that have already been deposited as a bulk transaction? They still show up as Undeposited and AR.

  • May 22, 2025
  • 2 replies
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    2 replies

    FishingForAnswers
    FishingForAnswers
    May 22, 2025

    @ron-kirsch  If you used Undeposited Funds in a bulk deposit, then the amount in question will be removed from undeposited funds.

     

    It sounds like either the deposit was not entered correctly, or there's a duplicate in your Undeposited Funds.

     

    Can you elaborate on the original entries involved?

    R
    ron-kirschAuthor
    May 22, 2025

    The individual deposits were made with the QB card reader as credit card payments. Then they were all grouped together and deposited in the checking account in a bulk transaction. I didn't touch anything except to transfer the funds to my checking account. Then in QBO they show up as individual transactions and undeposited funds. 

    BigRedConsulting
    BigRedConsulting
    May 22, 2025

    RE: They still show up as Undeposited and AR.

     

    Depositing the payments won't change their accounting. They will always use the Undeposited Funds account and the A/R account.

     

    If the payments are still waiting to be deposited when you create a new deposit, then there's an issue. If not, then there's nothing wrong.

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