This tip is all about the “undeposited funds” feature which gives you the ability to take multiple payments and put them as one deposit in QB.
This makes life SO much easier when you reconcile because your deposits match the exact amount you deposited at the bank.
If you’re looking for the Desktop version of this video click here
An Undeposited Fund is like a bank bag before depositing
3 Ways to Enter Income in QuickBooks
1. Invoice
2. Receive Payments
3. Sales Receipts
Workflow Chart
Create Invoices > Receive Payments > Undeposited Funds > Record Deposits
Sales Receipts > Undeposited Funds > Record Deposits
**You can check your Deposit in the Check Register
Did you notice you have mistakes in QuickBooks and aren’t sure how to fix them?
Join me on my next workshop where I’m going to talk about how to find your mistakes in QuickBooks, (some of the best reports to pull to find them) and what’s causing them to happen so you can avoid making them in the future.
If you’ve tried using journal entries before and still had issues afterward, you’ll learn why sometimes that’s not the best strategy.
Click here to save your seat → Join My Free Workshop
I look forward to seeing you there!
🙋🏻♀️ I’d love to connect with you on Instagram or Facebook
Subscribe for more QuickBooks tips on YouTube
#CandusKampfer
Hello, why are the deposits not showing up on the P & L or in the deposit detail report? I have checked the filters and all look good but can’t find how to fix this.
Please advise. Thank you
Have you checked to see if the deposits are going to the correct accounts when you make them? If they are still in undeposited funds, they will not show on the reports. ~Kindra/Team Candus
If the deposit is sitting in undeposited funds how do I put them where they belong because they are showing on my bank statement?
Hi Frances,
If you’ve added the transaction in and it’s sitting in undeposited funds, then you want to create a deposit and deposit it into the correct account.
Have a great day! ~Kindra/Team Candus