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What is Undeposited Funds in Quickbooks Online 

The Quickbooks University
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29 сен 2024

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Комментарии : 13   
@QbuniversityOrg
@QbuniversityOrg Год назад
www.QBUniversity.org - leave a comment or question here! Join the Masterclass at www.QBUniversity.org/Masterclass
@XYZOxyz
@XYZOxyz 3 месяца назад
And how do you match it in "banking transactions"? You left out that part. Personally, I absolutely hate this account, it's not an accounting concept. I have a client who puts everything to undeposited funds and he never moves anything out of it. Can you please show how things look in "bank transactions" when undeposited funds is used vs when it's not used (ie payment is received directly to chq account)?
@QbuniversityOrg
@QbuniversityOrg 3 месяца назад
I believe I have another video on that. You can turn off undeposited funds. If you do everything goes straight to the bank account.
@igoys3016
@igoys3016 9 месяцев назад
Sorry didnt get the part where you showed the bank deposit.. was it auto filled due to bank feed or did you had to add this manually? also once we have the deposit added to checking.. before reconsiling do you go back to transactions and match them manually with the 3 diff invoices?
@magicallyspotless3702
@magicallyspotless3702 3 месяца назад
I have undeposited funds and as im looking it was not deposit into my account. Are the funds in a quickbooks acct since the payments were made with a credit card? I dont see the funds in my bank account.
@warrenguardiario7088
@warrenguardiario7088 Год назад
Hi! is there any way we can delete a bill payment by batch? Let's say I have a duplicate 700 bill payment ? if Qbo doesn't have the option do you have any other alternative?
@QbuniversityOrg
@QbuniversityOrg Год назад
Do you need to delete one bill payment that is duplicated or multiple ones? If just one you can open the bill payment on the screen, click on More and then delete.
@warrenguardiario7088
@warrenguardiario7088 Год назад
Hi Sir I appreciate you saw my response im actually referring to multiple bill payments. I have 700 duplicate bill payment need to delete them by batch it seem Qbo don't have that functionality maybe you have another idea. Its just a pain on my side I have to run through each duplicate payment one at a time and delete it.@@QbuniversityOrg
@kevinfarmer8778
@kevinfarmer8778 Год назад
If I have not done the 2nd step of marking off in deposits and the undeposited funds are just sitting there. My bank account has been reconciled but I have accumulated a lot of undeposited funds
@QbuniversityOrg
@QbuniversityOrg Год назад
Check the channel I have a video on clearing out Undeposited Funds
@rachelc4440
@rachelc4440 Год назад
How does one deal with this issue when having bank accounts linked to their quickbooks online and the deposit shows up automatically? (I'm searching through your videos and may find the answer but figured Id ask in the meantime)
@QbuniversityOrg
@QbuniversityOrg Год назад
Do you mean when it shows up in the bank feed? You have to either match it to what you already entered, to an invoice or add it
@rachelc4440
@rachelc4440 Год назад
Ok thank you. I was afraid that when I was matching and adding I was somehow duplicating the deposit. Do you have a video about this specifically?@@QbuniversityOrg
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