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How the Undeposited Funds account works

The article provides information about how undeposited funds account works and the tasks associated with it.

Detailed instructions

The first time you receive payments, use a payment item on an invoice, or enter a sales receipt, QuickBooks Desktop creates the Undeposited Funds account which serves as your default deposit to account for all subsequent payments. This is an internal account that QuickBooks Desktop use to hold funds until you are ready to deposit them.

KB ID# INF12293
10/23/2016 7:20:10 AM
QYPPRDQBKSWS07 9138 Pro 2017 62e24d