That way, you can see if there’s a transaction that need to correct. You know where to find me if you have any other banking or deposit concerns, I’ll be always here to help you. Let’s sort this out so we can find a solution to the reconciled deposits showing on your Undeposited Funds (UF). Learn how to put payments into the Undeposited Funds account in QuickBooks Desktop. Thanks for joining in this conversation, @econnolly. Moving funds from the Undeposited funds to your bank is for recording purposes only.

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However, I recommend you do this under the guidance of your accounting professional. This is to prevent you from messing with your books since these are old transactions. Allow me to join the thread and share some steps to help you further with the Undeposited cost of debt Funds (U/F) corrections.

Once connected, QuickBooks Online will download all your bank transactions, including expenses (charges and payments) and income (deposits). I’d be glad to share additional information about clearing up your undeposited funds account in QuickBooks Online (QBO). You don’t actually need to create a bank deposit every time (assuming that you’ve matched the correct transactions).

Yes, when you deposit the correction to the operating account, it will increase the register’s balance. I can help you move those payments from your undeposited funds account, @FlexMgt. After clicking on this portion of the page, you’ll be able to review details and instructions on how to record this properly in your QuickBooks Online account. I appreciate your effort in matching all your transactions just to fix your issue about your undeposited bank.

How do I transfer the funds from my undeposited account into my bank?

No one I’ve spoken to has been able to help me transfer the cash. The funds have now been moved from the Undeposited Funds account to your selected the importance of analyzing accounts receivable bank account, and the deposit is recorded in QuickBooks. Make sure to reconcile your bank account in QuickBooks to ensure that it matches your actual bank statement. Yes, we can connect your bank directly to your QuickBooks Online.

Next Steps: Review your Undeposited Funds account

Once done, let’s change back the cleared status in the bank register to R. Don’t hesitate to leave a comment if you need further assistance with the process. You can modify the Date Entered/Last Modified to the one you want to check. If there are no changes, then let’s perform the verify and rebuild to find if there’s an issue with your company file. I appreciate you for joining this thread, @sharieb.

I appreciate you chiming in on this thread. For more insights into each process, see the following guides.

1. The funds have now been moved from the Undeposited Funds account to your selected bank account, and the deposit is recorded in QuickBooks.
2. Did you connect your Clio account as a bank feds or through app integration on our QuickBooks Online App menu?
3. Let me share some insights on how to clear it out and how undeposited funds work in QuickBooks Online.
4. Super frustrating,  me paying those cc fees shouldn’t be that hard or require extra steps.
5. Matching a bank transaction with an undeposited funds record will automatically deposit it to the bank account.

I’ll make sure to help you get through this. I have matched all of my transactions but my funds are still showing up as undeposited. I was under the impression that once you matched funds they would change from Undeposited to deposited to whatever account they were put into.

But when I look they have been deposited and cleared on previous bank statements. So my what is form 1120 question is, how do I go  in there and and clear this up? I don’t want to re-deposit and have duplicate deposits in there. Both methods can fix your issue with the reconciled deposits shown in the UF.