Interested in learning the steps to use undeposited funds account to receive payments in QuickBooks online? If yes, then reading this piece of writing will surely help. Talking about undeposited funds account in QuickBooks, it holds funds from the payments until they are deposited in the bank account. The user can’t deposit the fund directly to undeposited funds. This is because the fact that the undeposited funds account is a temporary account that means that the user can deposit the funds in a single transaction only after he/she takes the deposits to the respective bank account. In this post, we are going to discuss the steps to use undeposited funds account to receive payments in QuickBooks online. Thus, make sure to read this post till the end. Or you can also contact our tech support professionals at by  QuickBooks payroll customer service and we will provide you with instant support service.

Steps to enter transactions with undeposited funds

In case you want to enter the transactions with undeposited funds then the steps below should be followed:

·        The user needs to start the process by clicking on the lists menu

·        And then choose the items tab

·        Once done with that, select the option of the payment from the type drop down list and also add any additional information for the transaction

·        The last step is to click on account drop-down list and choose the undeposited funds and also click on ok tab.

Steps to deposit undeposited funds in QuickBooks

One can try to implement the steps below for depositing the undeposited funds accounts and receive payments in QuickBooks online.

·        To start with, the user needs to click on banking tab and choose the make deposits option

·        Once done with that, choose the payments from the undeposited funds.

·        If the payment to deposit window does not open on its own, then the user is supposed to choose payments on the make deposits window.

·        After that click on ok tab.

·        And also click on the deposit to list and then opt for the bank account for the deposit purpose.

·        After that, type-in date in the date field, and if permitted enter any additional payments to deposit.

·        The user is then required to click on print option so that the user could have a hard copy of the deposite 

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·        The last step is to click on ok tab so that the transaction could be saved and after that take the slip to the bank and deposit the funds into the account.

Towards the end of this post, we hope that the information shared in above might be of some help in using undeposited funds in QuickBooks. However, if you are stuck at some point in time, then in that scenario contacting our tech support professionals at by  QuickBooks payroll customer service is recommended. We are a team of certified QuickBooks professionals who work round the clock in providing immediate support services +1-844-405-0907.