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.