How to record a bank deposit using undeposited funds in QuickBooks Online

[@CandusKampfer]

Are you excited to jump in and start using "Undeposited Funds" now? 🙋🏻‍♀

[@guadalupeguevara7533]

I was terrified of just seeing the word. Now that I know how to use it it's exactly what I needed to use

[@debrathompson554]

I am commenting again so you are found more on youtube. I love your videos, can't wait to see you in your workshops.

[@CandusKampfer]

Aww, so glad to hear you love our videos! We hope you enjoyed the workshops 🥰 - Sam, Team Candus

[@HeatherGilbert-bl3rc]

I am such a visual learner and GenX so the bank bag was such a great way to describe undeposited funds. 😁

[@crankiestnebula]

I like this, was very informative and easy to follow.

[@CandusKampfer]

Oh my gosh, thank you so much! We love hearing this. 🙏🏻 If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips Have an amazing day! Sam ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer

[@user-jm7ij4gq7c]

I have a question about recording a bank deposit. For the date, do you use the date you made the deposit? Or the date the funds show up in your account? For instance if they are put on a hold. With our bank, there is a delay where we cannot use the funds for a day or two.

[@CandusKampfer]

Hi, I would recommend recording it the day you deposited it in the bank 🙂 Have a great day, Samantha Team Candus

[@deannechandler1914]

I have yet to hear the difference between undeposited funds and deposits from say Stripe or Square. All my deposits come from Square but yet I still have all of these undeposited funds that I need to do something with. What do I need to do to correct??

[@CandusKampfer]

Hi, It sounds like the video you're looking for is how to handle merchant fees: canduskampfer.com/?s=merchant Have a great day, Samantha Team Candus

[@Tobhiyah]

There's a number of deposits on the bank statement not showing up in Quickbooks. I need to add them and wondering if I have to add them one by one for the number of deposits to add up?

[@camarilloelectricsupply8365]

where do you add a refund so that the totals match?

[@CandusKampfer]

Hi, This video will walk you through the different strategies for processing refunds: canduskampfer.com/refunds-and-credits-in-quickbooks-online/ If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus

[@lifetrader67]

if i recat a ta in uf then it warns me my reconcile will be undone, should i worry about it blowing up my entire reconcile? how do i work around this?

[@CandusKampfer]

Hi, Thank you for watching our video. If you're interested in more in-depth training on how to do this, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus

[@user-ly3xf3yv7g]

I'm on an accrual system so is this a way I can record sales through December 31 but the money isn't physically deposited until January? I guess my question is, is it similar to a deposit in transit at year end? Thanks.

[@CandusKampfer]

Hi, Thanks for reaching out. If you're an accrual based business, best practice is to use invoices in QB to track your sales. If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus

[@kaylakuper2822]

how do you do this when not using customer invoices. I don't do that yet but I still have to try and match my Journal Entry's to my cash and check bank bank deposit. is that possible?

[@CandusKampfer]

Hi Kayla, Thank you for watching our video. If you're interested in more in-depth training on how to do this when you're not using a customer's invoice, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus

[@serrahna3870]

Hello Candis, I really like your style of teaching. I need help on something very basic. How do we enter a POS sale from one platform Microsoft, to my QuickBooks desktop program? I hope you can point me in the right direction to one of your videos or give me a tip. Thank you.

[@CandusKampfer]

Thank you for watching our videos 😊 I will add your question to the list Candus uses to create new QuickBooks tips each month. The best possible way for you to receive support from Candus is to register for and attend her workshop. Here is the link to register to attend: canduskampfer.com/workshop Have a great day! Ednalyn ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/

[@user-to1qw6bw4d]

what if ive been logging funds incorrectly this entire time and i dont have access to old accounts to reconcile these mistakes? or logged dates incorrectly

[@user-ef7kl8pc4d]

Hello Candis. I really liked your way of explanations. Everythink seem so easly referring to your explanations. What i wandering is that this "Undeposit funds" we can use when we receive a payment for different invoices? This mean that when we have a check for only one invoice we can register directly to the bank account that is connected with Quickbkoos Online. Thank you very much 😊

[@CandusKampfer]

Hi, Thank you for watching our videos 😊 I will add your question to the list Candus uses to create new QuickBooks tips each month. The best possible way for you to receive support from Candus is to register for and attend her workshop. Here is the link to register to attend: canduskampfer.com/workshop Have a great day! ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer

[@gracietamps7430]

Hello. I just want to ask what to do for Undeposited funds if I have already changed the payment received to the correct Checking bank account but still It is included in the Undeposited Funds under Chart of Accounts? Thanks in advance for your help.

[@CandusKampfer]

Hi, Thank you for reaching out. It sounds like the piece of the process hasn't been followed properly. If you'd like to work with us, we have two different programs that help QuickBooks users. One focuses on the fundamentals of QuickBooks and the other focuses on cleaning up your mistakes. If you'd like to learn more about our programs, you can email us at [e-mail] Have a great day, Samantha Team Candus

[@gracietamps7430]

thank you for your reply@@CandusKampfer

[@DD-ko5gv]

Help! I am getting deposits entered twice!

[@christinebree986]

Please could speak at a slower pace. Could you please discuss your additional learning tapes at the end of your lesson, When trying to learn it is distracting when you keep jumping from the lesson. Thank you. 0:24

[@CandusKampfer]

Hi Christine, Thank you for reaching out. I wanted to let you know that if Candus is speaking too quickly for you, you can adjust the speed of the video by clicking the wheel in the bottom right corner and clicking "Playback speed". If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus