The job I came into has several undeposited funds, some from a couple of years ago. If I were to turn off the undeposited fund feature, will this mess with the payments received that were put to a specific job previously?
So even though you voided the deposit in check register you still have to deposit it . When you do deposit it why doesn't it show voided in the memo or show as a negative in the deposit
Buen video, gracias. Si el cliente me paga vía trasferencia o depósito ¿Cómo podría hacerlo, qué método de pago elegiría? O ¿puedo al momento de hacer la factura (sales receipt) no invoce, seleccionar directamente la cuenta de banco a la que me depositaron en vez de “fondos no depositados”?
@@QbuniversityOrg My comment: Good video, thanks. If the client pays me via transfer or deposit, how could I do it, what payment method would I choose? Or, at the time of making the invoice (sales receipt) do not invoke, directly select the bank account to which I was deposited instead of "undeposited funds"?
I guess I just really don't see the benefit of using the Undeposited Funds. It seems to create double the work. And it seems to account for the payment in the balance in the checkbook register. It is just not categorizing it in any Income category. ???? Is there any bad side to not using this account?
I have a deposit that was done correctly and deposited correctly. I have a duplicate invoice that was also run through and paid and is now sitting in undeposited funds. How do I remove that entire transaction so Undeposited funds zeros out??
Looking for some clarity. Scenario manager loan money to business not his business. He wrote to personal checks until funds come in to cover organization. So part of a 6,000 1200 was check went to rent 4800 went in to business checking. Again not his business put 4800 as deposit to banking in qbooks. How to clear this undeposit funds. Because money actual went into account just recorded to undeposit funds to record.Thanks
So basically, when i receive a payment from a customer, enter that payment into quikbooks....it will show as undeposited funds? So after i physically deposit the funds into the bank, i then go back into quikbooks and check it off as being deposited?
@@QbuniversityOrg Thanks. Quik question. So when writing a check in quikbooks to pay a vendor, is there another step that i need to go to once i mail the check to the vendor? I usually just write the check and that's it....feels like i'm missing a step somewhere.
I have a -81.00 discrepancy in a reconciliation that I can not find. I use desktop and my beginning balance and ending balance matches other than that amount. Have cleared and redone the reconciliation several times and come up with the same amount. How do I find the amount? HELP!
You can try running a Reconciliation Discrepancy Report, or, quite frankly, depending on the size of the business, reconcile it and leave the $81 as an adjustment and move on. It's most likely immaterial
I have a deposit and an open invoice, during reconciliation I put that deposit under uncategorized income. Now how can I use that deposit to pay an open invoice ?
I have some deposits that we recorded and were received against an invoice. The invoice has been deleted and the deposit is stuck in undeposited funds. Someone has created new invoices and created new deposits. It check register is correct. I just need to delete the deposit in undeposited funds.
First, I'm looking for an explanation of how to clean up undeposited funds deposits for the past three years (computer died, back up died and I have to reconstruct my register and quite a bit of other work, plus keep up with ongoing work so it's now the three years (with a debilitating health issue). I'm down to cleaning up my register of double deposits from UF and bank feeds because I had a brain fart and didn't match them (they're actually Stripe deposits and don't all match up due to fees). Second, how do I enter Stripe's fees? They don't actually send a bank feed so that I can enter them. I just realized that I don't have any of these fees entered.
Wow, that's a lot you have to do. If you are reconstructing everything, I wouldn't even use Undeposited Funds, just turn it off in Preferences. For Stripe, I would create a Stripe bank account, make all the full gross sales amounts to that account, then record the net (net of fee) transfers to your bank accounts along with the fees (you can split the transaction to 1) transfer the net amount and 2) record the fees.
Ooooh not good. First question is do you have a backup you can restore prior to deleting it? Most likely not so check the audit trail (under reports) and see if you can find the deposit that was deleted so you can re-enter it
I have videos on how to record receipt of loan proceeds on my channel, if you go ahead and search for those. I’m not sure what your question is for payment to welfare recipients
For the numbskull Silva....LOL...This video is for someone that isn't an "accountant", this is for 'Record Keepers' , at least that what we called them back 40 years ago. . I've been doing this since I was 13 years old and I started using double ledger, registers/journals (paper), QB makes this ridiculously easy. This series of videos are excellent now that I'm old and going back to office work and out of the "hammer in hand" construction field.
Actually I just watched another video that did not require re-reconciling to fix this problem and her solution was MUCH simpler and clearer, not to mention cleaner, for me and this answer is pretty complex. Re-reconciling is no joke. My suggestion to Victor da Silva is to do a google search and watch more than one video. One will probably be explained in a manner that rings clear for you. You are not a numbskull. Boneyfreak however IS. and TQU...not funny- :-(
The job I came into has several undeposited funds, some from a couple of years ago. If I were to turn off the undeposited fund feature, will this mess with the payments received that were put to a specific job previously?
No it shouldn’t. It should just affect going forward
Thank you! I kind of came into a mess with QB, and have been watching so many of your videos, very helpful!
@@lucretiaharness5679 you’re welcome!
So even though you voided the deposit in check register you still have to deposit it . When you do deposit it why doesn't it show voided in the memo or show as a negative in the deposit
Yep, the original deposit is still in Undeposited Funds, so you would deposit it from there. It becomes a new deposit separate from the one you voided
Buen video, gracias. Si el cliente me paga vía trasferencia o depósito ¿Cómo podría hacerlo, qué método de pago elegiría? O ¿puedo al momento de hacer la factura (sales receipt) no invoce, seleccionar directamente la cuenta de banco a la que me depositaron en vez de “fondos no depositados”?
No hablo espanol
@@QbuniversityOrg
My comment: Good video, thanks. If the client pays me via transfer or deposit, how could I do it, what payment method would I choose? Or, at the time of making the invoice (sales receipt) do not invoke, directly select the bank account to which I was deposited instead of "undeposited funds"?
how do i fix my AR aging with credit balances? correct in one place and error appears in another
Office Mgr it depends on how they came about. Are they from overpayments from customers or just errors?
I guess I just really don't see the benefit of using the Undeposited Funds. It seems to create double the work. And it seems to account for the payment in the balance in the checkbook register. It is just not categorizing it in any Income category. ???? Is there any bad side to not using this account?
The only bad side is if you deposit like once a week you could overstate your bank account in QB
I have a deposit that was done correctly and deposited correctly. I have a duplicate invoice that was also run through and paid and is now sitting in undeposited funds. How do I remove that entire transaction so Undeposited funds zeros out??
Are these 2 different transactions? Which one are you trying to get rid of?
Looking for some clarity. Scenario manager loan money to business not his business. He wrote to personal checks until funds come in to cover organization. So part of a 6,000 1200 was check went to rent 4800 went in to business checking. Again not his business put 4800 as deposit to banking in qbooks. How to clear this undeposit funds. Because money actual went into account just recorded to undeposit funds to record.Thanks
This really great detail of how to fixed undeposited funds
Thanks!
So basically, when i receive a payment from a customer, enter that payment into quikbooks....it will show as undeposited funds? So after i physically deposit the funds into the bank, i then go back into quikbooks and check it off as being deposited?
That's exactly right!
@@QbuniversityOrg Thanks. Quik question. So when writing a check in quikbooks to pay a vendor, is there another step that i need to go to once i mail the check to the vendor? I usually just write the check and that's it....feels like i'm missing a step somewhere.
The Real Dwayne Scott Jay nope that’s the only step!
I have a -81.00 discrepancy in a reconciliation that I can not find. I use desktop and my beginning balance and ending balance matches other than that amount. Have cleared and redone the reconciliation several times and come up with the same amount.
How do I find the amount? HELP!
You can try running a Reconciliation Discrepancy Report, or, quite frankly, depending on the size of the business, reconcile it and leave the $81 as an adjustment and move on. It's most likely immaterial
I have a deposit and an open invoice, during reconciliation I put that deposit under uncategorized income. Now how can I use that deposit to pay an open invoice ?
This should help th-cam.com/video/cGF_rKkgezI/w-d-xo.html
Your website is not working either is slow or is not ansering orders when u click on something.
I know, so sorry about that. We are in the process of building a new site (same domain) with additional training. Should be up soon!
I have some deposits that we recorded and were received against an invoice. The invoice has been deleted and the deposit is stuck in undeposited funds. Someone has created new invoices and created new deposits. It check register is correct. I just need to delete the deposit in undeposited funds.
You should be able to go into the Undeposited Funds register and delete or void those
First, I'm looking for an explanation of how to clean up undeposited funds deposits for the past three years (computer died, back up died and I have to reconstruct my register and quite a bit of other work, plus keep up with ongoing work so it's now the three years (with a debilitating health issue). I'm down to cleaning up my register of double deposits from UF and bank feeds because I had a brain fart and didn't match them (they're actually Stripe deposits and don't all match up due to fees). Second, how do I enter Stripe's fees? They don't actually send a bank feed so that I can enter them. I just realized that I don't have any of these fees entered.
Wow, that's a lot you have to do. If you are reconstructing everything, I wouldn't even use Undeposited Funds, just turn it off in Preferences. For Stripe, I would create a Stripe bank account, make all the full gross sales amounts to that account, then record the net (net of fee) transfers to your bank accounts along with the fees (you can split the transaction to 1) transfer the net amount and 2) record the fees.
I lost some deposits while I was reconciling my account?
Johnny Fassbender you’ll have to go back and see if they are recorded somewhere in QB. Maybe they got put in a different account?
I accidentally deleted a deposit with 26 cheques on it! I can't find it! Help! Please and thank you.
Ooooh not good. First question is do you have a backup you can restore prior to deleting it? Most likely not so check the audit trail (under reports) and see if you can find the deposit that was deleted so you can re-enter it
I have a copy of all the cheques deposited. I just cannot find out where they went in QB after i accdentaly deleted the whole tranasaction.
@@DeeDee-mx3wd I would look at the audit trail to see.
@@QbuniversityOrg Thanks I hae a list of all the cheques in the deposit that were deleted. CanI just re-enter them and create a new deposit?
@@QbuniversityOrg I looked under reports banking detail - it is not there.
How to use quickbooks to post loan receipt and payment to welfare members
I have videos on how to record receipt of loan proceeds on my channel, if you go ahead and search for those. I’m not sure what your question is for payment to welfare recipients
For the numbskull Silva....LOL...This video is for someone that isn't an "accountant", this is for 'Record Keepers' , at least that what we called them back 40 years ago. . I've been doing this since I was 13 years old and I started using double ledger, registers/journals (paper), QB makes this ridiculously easy. This series of videos are excellent now that I'm old and going back to office work and out of the "hammer in hand" construction field.
too funny...
Actually I just watched another video that did not require re-reconciling to fix this problem and her solution was MUCH simpler and clearer, not to mention cleaner, for me and this answer is pretty complex. Re-reconciling is no joke. My suggestion to Victor da Silva is to do a google search and watch more than one video. One will probably be explained in a manner that rings clear for you. You are not a numbskull. Boneyfreak however IS. and TQU...not funny- :-(
Mrs Smith ok great, thanks for the input!
I love this easy system. Unless you can’t find a discrepancy.😩
I want to receive to bank
Why cant always going in deposited funds
Go to Success you can change the setting in Preferences to deposit straight to the bank instead of Undeposited Funds
@@QbuniversityOrg thanks
Go to Success you’re welcome!
can somebody just make a simple video for a non accountant? this helped NOTHING if you arent a specialist.
Victor Da Silva so sorry you didn’t understand this