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Jsimons3
August 23, 2023
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Is deposit undeposited?

  • August 23, 2023
  • 1 reply
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While trying to reconcile a bank statement in my QB Desktop, there is a deposit on my bank statement but it’s not showing in QB. Is this Undeposited Funds and how do I fix it?

Best answer by BigRedConsulting

Create the deposit in QuickBooks to match what happened in the real world.

The money could be from Undepositied Funds if you recorded it that way, as customer AR payments, or it could be from somewhere else.

1 reply

BigRedConsulting
BigRedConsultingAnswer
August 23, 2023

Create the deposit in QuickBooks to match what happened in the real world.

The money could be from Undepositied Funds if you recorded it that way, as customer AR payments, or it could be from somewhere else.

S
SarahannC
August 23, 2023

I'm joining this thread to provide steps on how you can record it, Jsimons3. The transactions not appearing in QuickBooks might be located within the Undeposited Funds account.

 

As suggested by BigRedConsulting, you can use the Make Deposits feature located in the Banking menu in QuickBooks to accurately record the real-world deposit transaction. This helps you effectively manage the data in your bank statement.

 

Here's how you can do it:

 

  1. Go to the Banking menu.
  2. Pick Make Deposits.
  3. In the Payments to Deposit window, tick the payments you want to deposit. Make sure to review your bank statement before doing so.
  4. Then, OK.
  5. Select the Deposit To dropdown field and opt for the relevant bank account where you intend to make the deposit.
  6. Hit Save & Close.

 

After you've accurately recorded the deposit, proceed with the reconciliation process. Make sure to match the deposit on the statement with the corresponding entry in QuickBooks.


Feel free to reach out if you have any further questions about the reconciliation process. I'm here to assist you at any time. Stay well and take care. 

J
Jsimons3Author
August 25, 2023

Thank you so much! I’m new to this so I appreciate your guidance as I navigate through all of this and understand it!

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