Use Undeposited Funds As a Default When Receiving Payments In QuickBooks

QuickBooks defaults to use undeposited funds as the account when you receive payments. This allows you to receive several checks and then create one deposit into the bank. However, you can turn that default off and post the receive payments straight to your bank account. Be careful because when you reconcile it may be hard to tie out the deposits to your bank statement if you don’t group them through undeposited funds.

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