Thank you for following up on this thread, @buckeye44837. I’m here to help address your inquiries about moving your undeposited amounts and reconciliation.
I appreciate you giving the complete details of your concern. Yes, you can transfer the transactions from your Undeposited accounts into your Cash account. You can then transfer them to your business checking account.
Here’s how:
- Go to the New menu and select Transfer under Other.
- Select the Transfer Funds From drop-down, then click Undeposited Funds.
- Choose the appropriate bank where you want to move the money to.
- Fill in the remaining fields.
- Click Save and close.
I also recommend seeking expert advice from an accountant. This way, we'll be able to ensure the correct accounts are affected.
You’ll want to read through these articles to learn more about how bank deposits work with the Undeposited Funds account in QuickBooks:
You can check out this guide to match your bank statement with the entries you’ve made in QuickBooks: Reconcile an account in QuickBooks Online.
Don’t hesitate to leave a comment if you need further assistance with the process. If you also have any other bank deposit concerns, I’m always ready to lend a helping hand.
