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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 creates the Undeposited Funds account which serves as your default deposit to account for all subsequent payments. This is an internal account that QuickBooks use to hold funds until you are ready to deposit them.

KB ID# INF12293
7/29/2016 10:22:26 PM
QYPPRDQBKSWS07 9132 Pro 2016 852134