How to clear up Undeposited funds account in QuickBooks
I have one year old undeposited funds account. All amount have been deposited in the bank accounts and reconciled too. Now I want to remove all of these previous entries/transactions. If anyone suggest me the simplest way to remove these entries then it would be so nice.
You can go to the original deposit where these transactions were supposed to go and add the payments and trash them. You can also create one huge deposit and enter your income account with a negative amount of the total deposit to vanish them. Make sure that the net deposit should be zero.
These two ways will definitely help you but I would recommend that you should do it under the guidance of QuickBooks Experts or accounting professionals as these transactions are very old. Get connected to the QuickBooks Live Chat support and do it in the right way or Call the toll-free number 1800-567-0425 for any help of related to QuickBooks.