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Rename the Undeposited Funds account

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

  1. Go to the Lists menu and click Chart of Accounts. Open the Chart of Accounts

  2. Select the Undeposited Funds account.

  3. Click Account at the bottom of the list and click Edit.

  4. 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.

  5. Click OK.

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