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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
6/23/2017 10:05:56 AM
QYPPRDQBKSWS05 9138 Pro 2017 10dc1d