One of the most common mistakes people make with QuickBooks involves Undeposited Funds. Do you have a growing balance in Undeposited Funds? Do you have lots of payments in Undeposited Funds? Have you tried to fix it with a Journal Entry and discovered the payments are still showing up to be deposited? (you can’t fix Undeposited Funds properly with a Journal Entry in QuickBooks).
I created this quick video to explain the problem and more importantly how to fix Undeposited Funds.
I hope this helps you clean up and fix Undeposited funds in QuickBooks.