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April 3, 2022
Question

How do I remove a balance Undeposited funds from 2017 without effecting the Bank total?

  • April 3, 2022
  • 1 reply
  • 0 views
Restarted using QB in Jan 2022. There is a balance in Undeposited Funds from 2017. How do I remove that balance without "depositing to bank". Essentially I'd like to start with the bank balance as of Jan 2022 and a zero balance in Undeposited Funds.

1 reply

April 4, 2022

Hi shaase22-me-com,

 

Welcome to Community!  Your banking is a vital part of your books and QuickBooks Online has the versatility you need to keep your accounts aligned.  I'd be happy to provide more information so you're able to reach your QuickBooks goals!

 

To remove the balance from your undeposited funds account dating back to 2017, it's best to speak with your accountant for the best course of action.  This will ensure your books are not negatively impacted in other areas.  If you don't have an accountant, you can locate a ProAdvisor in your area by following this link.

 

Please feel free to reach out with other questions.  We'd be glad to assist!