Before we jump on to resolve your query “How to clear undeposited funds in QuickBooks Desktop” it is important to understand what it is.
Undeposited account acts as a hoarding account within the program. This serves as your default account to hold all your payments.
Generally when you receive a payment then the same gets transferred to an undeposited account within QB. When the same gets deposited in your bank, then you clear off your undeposited account for the said amount.
If by any chance you forget to clear off these funds then they pile up within your program causing mismatch entries within your statement.
The functioning of undeposited account within QB is not at all complicated. It’s a simple 2 step process that goes like:
To transfer funds received and to create an entry within your undeposited account, you need to go through the following steps:
The amount will stay within undeposited account until you are ready to deposit the same in your bank. Once done you will have to clear off them from your undeposited account.
Hope you are able to fix your issue. But if in any case your query “How to clear undeposited funds in QuickBooks desktop” is still not answered then we would request you to talk to our QuickBooks experts. Our certified proadvisors have years of experience in dealing with program related issues, thus wait no longer and call them now.
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