Dear Ruth. I’d like your help setting up payments on receivables to go directly to cash account instead of undeposited funds.
Thanks for your help.
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Uncheck the box next to “Use undeposited funds as a default deposit account payment” in Edit > Preferences > Payments > Company Preferences.
However, I don’t recommend doing this unless each one of your payments is a separate bank deposit. Undeposited funds is a handy little feature that allows you to group multiple payments into one deposit so the deposit in QuickBooks matches the deposit on your bank statement. It makes reconciling your bank account much easier.
This article is provided for informational purposes and is not intended to be construed as legal, accounting, or other professional advice. For further information, please consult appropriate professional advice from your attorney and certified public accountant.
Written by +Ruth Perryman, CMA, CFE, CFM, MBA
Ruth is the president of The QB Specialists, an Intuit Premier Reseller that offers huge savings and expert advice on QuickBooks POS and QuickBooks Enterprise. She is an Advanced Certified QuickBooks ProAdvisor and a member of Intuit’s Trainer/Writer Network. She is also certified in QuickBooks POS and QuickBooks Enterprise and has provided expert QuickBooks help to thousands of businesses all over the world since 1996.
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