Bank Account Help


I have just updated my QuickBooks to 2019 version from 2015 version. Now I want that my books of accounts have to be in proper manner so I need to set up my Bank account. Now the problem is I haven’t kept an accurate record of bills so I need to start from the beginning or I need to reconcile the bulk transactions, this is something fishy. I need help please.

Thank you in advance

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Hey, thank you Rockwood for visiting our community. I can provide you some steps on how the cash flow process works in QuickBooks Desktop. The default Deposit to account for your invoice payments and sales receipts amounts in QuickBooks Desktop is the Undeposited Funds account. This is generally the reason why most of your sales transactions fall under this account. And also you have to move all the funds from QuickBooks 2015 version, then you can proceed with reconciling your bank account. I am sharing some steps to make a deposit:

  1. Go to Banking at the top menu bar, click Make Deposits.
  2. In the Payment to Deposit box, select the payments you want to move.
  3. Click Ok.
  4. Choose the Bank account you want to deposit the payment in the Deposit to field.
  5. Pick Save and Close.

I hope it will help and for future reference you can visit the link for more detail:

Many Thanks

Answered on October 4, 2018.
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