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January 11, 2022
Question

Is there a way to move all payments from one Chart of Account to the Undeposited funds without changing every individual payment?

  • January 11, 2022
  • 1 reply
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My system batched a large amount of payments to another GL account and I need to get them into Undeposited Funds for Deposit

1 reply

January 11, 2022

Hey there, @adriann. I'm here to assist you with the payments from one Chart of Account to the Undeposited Funds account.

 

Currently, moving batched payments from the COA to the Undeposited Funds is unavailable. As a workaround, you can manually open each transaction from the COA and change the Deposit to Undeposited funds. Examples of those transactions are sales payments, sales receipts, or invoice payments.

 

 

If you need to group multiple payments, use the Undeposited Funds account. Doing so will record the payments as a single record. Then, you can make a bank deposit to combine them in QuickBooks. 

 

Also, if your accounts are connected to online banking, make sure you match and categorize all of your downloaded transactions. This way, you can avoid to duplicate them.

 

I've added these articles that'll guide you through reconciling in QuickBooks Online:

 

 

Reach out to me again for any other Chart of Accounts concerns. You can leave a comment below and I'll get back to you. Take care always.