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accounting126
October 28, 2021
Question

I never use my undeposited funds a/c. I find matches for every deposit and categorize. My QBO is synced with my bank accounts. I want to make inactive. Is this possible?

  • October 28, 2021
  • 1 reply
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My accounts are all reconciled up to the end of the month. I want to inactivate undeposited funds and clear the amount in undeposited funds. How do I do this? Can I do this?

1 reply

PrachiJoshi
PrachiJoshi
October 28, 2021

You cannot make the undeposited account "inactive."

 

If there is a balance there, you need to figure out why there is a balance. Only then, you can zero it out.

 

 

A
accounting126Author
October 28, 2021

There is a balance because I never use it? 

On another feeds it says if you are connected to your bank accounts you don't need to use it?

As per my previous comments, my bank accounts are all reconciled. I am up to date on accounts receivable. Does anyone else have any input?

Thank you. 

PrachiJoshi
PrachiJoshi
October 28, 2021

You do not need to use it, even if you do not use bank feed.

 

However, if there is a balance, there is at least one transaction in undeposited funds.

 

You need to check the GL of the account and see which transaction(s) are creating the balance. Then figure out the solution for it. At the moment, you do not know what is the problem. 

 

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