July 25, 2008 04:11pm pdt

1. b0lsc0tt 10,625
2. turn123 8,000
3. RobWill 5,300
4. LabyrinthIT 4,200
5. LSMCons... 3,890
6. jerry_an... 3,875
7. mwecom... 3,600
8. TechSoEasy 3,000
9. GrahamSkan 2,800
10. irudyk 2,460
11. murgroup 2,400
12. Delphineous 2,300
13. Dave_AND 2,100
14. greyknigh... 2,000
14. souseran 2,000
14. Corrupted... 2,000
14. CMYScott 2,000
14. carolchi 2,000
14. alikaz3 2,000
14. Glo-Net... 2,000
14. CyYanara 2,000
14. orangutang 2,000
14. BLipman 2,000
14. Packet-G... 2,000
14. johnb6767 2,000
14. chikenhead 2,000
14. psilence 2,000
14. tprpics 2,000
14. speedyskis 2,000
14. ryansoto 2,000
14. boag2000 2,000
14. grakem 2,000
14. strung 2,000

1. turn123 51,950
2. RobWill 17,700
3. scrathcyboy 13,500
4. b0lsc0tt 10,625
5. wanaylain 7,725
6. LSMCons... 5,890
7. riteheer 5,650
8. souseran 5,500
9. LabyrinthIT 4,200
10. Robstg 4,000
10. johnb6767 4,000
10. TechSoEasy 4,000
13. jerry_an... 3,875
14. mwecom... 3,600
15. boag2000 3,000
15. md501 3,000
15. eoinosullivan 3,000
15. GLCompu... 3,000

04.01.2007 at 11:11PM PDT, ID: 22486172

	[x] Attachment Details

[x]

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3.2

Quickbooks Undeposited Funds Error - Uncleared Deposits

Zone: Quickbooks Financial Software

Tags: quickbooks, undeposited, funds

I have a situation with Quickbooks known as the "undeposited funds error." I would like to straighten this out, but when I tried to go to the web page I had bookmarked quite a while ago which gives the procedure to fix the problem, the page is no longer on line.

In addition to my bookmark, I have found several references online to the article. The references follow:

The URL is http://accountant.intuit.com/colleagues/product_tips/private/tip_jw_mastertipcorrectingerrorsassociatedwithundepositedfunds.cfm?y=1242j7k319t617e.

Another link that is still on line to the same article is https://accountant.intuit.com/colleagues/product_tips/private/tip_jw_mastertipcorrectingerrorsassociatedwithundepositedfunds.cfm

Yet another variation is http://www.cfsatlanta.com/Undeposited%20Funds%20is%20a%20clearing%20account%20(current%20asset),%20created%20by%20QuickBooks%20to%20track%20receipts%20from%20customers%20that%20are%20applied%20to%20Accounts%20Receivable%20but%20are%20not%20yet%20deposited%20at%20the%20bank.%20When%20clients%20receive%20payments%20from%20customers%20(using%20either%20the%20Sa

What I would like to do is find this article, or alternatively, find the explanation for how to perform the following procedure:

1. When capturing credit card transactions, the debits have been made to the Undeposited Funds account.

2. The normal use of Quickbooks involves the Make Deposit function to transfer the debit to a Cash in Bank account. However, because we have been recording the deposits separately through the General Ledger, the Deposits are stuck in the database.

3. The unavailable article cited above describes this situation and gives a procedure to fix it, thereby clearing out the Deposits.

I would like the procedure because I have several years of data now with uncleared Deposits.

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Question Stats

Zone: Software

Question Asked By: jasimon9

Solution Provided By: md501

Participating Experts: 2

Solution Grade: C

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