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Undeposited Funds account

An account that QuickBooks automatically adds to your chart of accounts the first time you receive a payment from an invoice or sales receipt. QuickBooks uses this account to hold money you've collected until you deposit it in a bank account.

See also

KB ID# H_COA_GL_UNDEPOSITED_FUNDS_ACCOUNT
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QYPPRDQBKSWS05 9142 Pro 2018 a348e5