I do not want to use undeposited funds - can I turn it off?

Hi usersvf,

Welcome to the community family! The chart of accounts is the heart of your bookkeeping, and QuickBooks Online sets it up for you when you create your company file. Some accounts are created as default accounts to ensure proper tracking and organization of your transactions. I'll be happy to share more on this.

The Undeposited Funds account is one of the default accounts created by the system to ensure accuracy across your books. It’s required to properly record your payments before they are deposited into your bank account and also used in situations where you need to record batch deposits. Because the Undeposited Funds is a default set up in the program, you can't delete nor make it inactive. QuickBooks Online gives you the flexibility to add new accounts in your chart of accounts and select which one you want on your transactions. If no scenario would let you use the Undeposited Funds, you can simply ignore it. Feel free to check out these articles to learn more about default accounts and how the chart of accounts works in the program.

• Manage default and special accounts in your chart of accounts
• Learn about the chart of accounts in QuickBooks

I hope this helps to clarify things for you. Let me know if you have any other questions.