How to Manage Undeposited Funds in QuickBooks

Michelle Balan

Created Oct 17, 2024

How to Manage Undeposited Funds in QuickBooks

This guide explains how to handle undeposited funds in QuickBooks. Undeposited funds are payments you’ve received but haven’t yet put into the bank. This will help you make sure your QuickBooks records match your bank deposits correctly, avoiding any mistakes.

Frequency: a few days after the 1st of the month and 15th (when charges are typically processed)

3
    q

QuickBooks

6 Steps
1

Click on Transactions > Chart of accounts

Click on Transactions > Chart of accounts
2

Double Click on Undeposited Funds

Double Click on Undeposited Funds
3

Click on dropdown trigger/filter icon

Click on dropdown trigger/filter icon
4

Click the drop down menu on the 'Reconcile Status'

Click the drop down menu on the 'Reconcile Status'
5

Click on Not Reconciled

Click on Not Reconciled
6

Click on Apply

Click on Apply
Well done!
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