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September 25, 2021
Question

When you review and confirm a cash deposit like from Square where does it go I dont see it anywhere after I confirm it

  • September 25, 2021
  • 1 reply
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1 reply

katherinejoyceO
September 26, 2021

Welcome and thanks for asking us here in the Community, @dekaienterprises. I'll guide you in finding the deposited item from Square. 

 

After confirming your cash deposit, it may go to the Undeposited Funds (UF) account. This default account keeps a record of payments in QuickBooks until you deposit the payment in your actual bank account.

 

Now, let's review your UF account to check for any transactions that need to deposit. Here's how: 

 

  1. Go to the Accounting menu, then select Chart of accounts.
  2. Find the Undeposited Funds account on the list.
  3. Select View register.

 

Once you found it, let's create a bank deposit to clear your undeposited funds. Then match the transaction amounts on both your bank statement and in QuickBooks. 

 

Here's how: 

 

  1. Go to the + New button, then select Bank Deposit.
  2. From the Account drop-down menu, choose the account you want to deposit the money into.
  3. Select the box for each payment you want to combine. 
  4. Review and ensure the deposit total and selected payments match your deposit slip. 
  5. Click Save and close.

 

You can use this article for more details: Record and make Bank Deposits in QuickBooks Online.

 

For future reference, check out this link to learn about making your reconciliations much easier in QBO.

 

Get back to me and post some more if anything else you need help with QuickBooks. I'm always around to help. Take care!