QuickBooks "holds" all your payments in a special account named
Undeposited Funds. To move these payments to your bank account, use the
Payments to Deposit window to group the payments into one deposit.
Use this account if your bank statement shows a lump sum for each deposit
instead of listing each payment individually. Grouping your payments this way
makes it easier to reconcile your QuickBooks account with your bank statement
because the QuickBooks account will show the same deposit amounts as the bank
If your statements show each payment you deposited or if you're
depositing only a single payment, click an account from the "Deposit
to" drop-down list instead.