How to clean up Undeposited Funds in QuickBooks Online

Struggling with a growing balance in Undeposited Funds in QuickBooks Online? You’re not alone—and yes, it needs to be cleaned up! In this video, I’ll walk you through step-by-step how to identify what’s causing the problem, how to fix it, and how to keep it from happening again. Whether you're a bookkeeper, accountant, or small business owner, this tutorial will help you bring clarity (and accuracy!) back to your client’s books.
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Chapters:
0:00 Introduction
1:25 #1 reason for old Undeposited Funds
3:29 Remove and Record method
4:54 Dummy bank account method
7:00 Which method to use?

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The information in this video is for educational purposes only. It is not intended as legal, tax, or accounting advice. Please consult with a qualified professional for advice specific to your situation.

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