You can change the name of the Undeposited
Funds account to something that suits you better. The new name
will appear in your account register. Renaming
the account does not affect preference settings. If you have your Sales and
Customers preferences set to use Undeposited Funds as the default account,
payments you receive will still go to this account.
To do this task
Go to the Lists menu and click Chart of Accounts.
Select the Undeposited Funds account.
Click Account at the bottom of the list and click Edit.
Enter a new name for this account.
Some suggestions for new names: Sales Income Holding
Account, Payments Received, Funds from A/R, or Payments to be Deposited.