How to record a bank deposit (using undeposited funds) in QuickBooks Online

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The final step in the sales process is to record your bank deposit. We’ll go over how to do this using the Undeposited Funds account. This lets you group multiple customer payments together into a single bank deposit. However, this step is not necessary if you already deposited the funds directly into your bank account in QuickBooks during the receive payment process.

If you want to know how payments get into Undeposited Funds we cover that in our videos on How to Record an Invoice Payment and How to Record a Sales Receipt.

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