Cash Deposit using Undeposited Funds account
I want to put customer receipts such as cash and credit card payments into the undeposited funds account. However, once they are in there I can't seem to find how to then "deposit" them into our gene...
Forum Discussion
Hi neag82
Thanks for your post. You can record a Transfer money transaction to move the deposit amount to the bank account. The From account is the Undeposited funds account and the To account is the bank account. The amount will appear as a deposit in the bank account and the Undeposited funds account will be cleared back to zero.
You can then match the Transfer money transaction to the bank feed transaction or manually reconcile in the Reconcile accounts window.
Please let me know if you need further help.
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How do you allocate which deposits apply to that transaction?
