How to use Undeposited Funds

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  • Опубліковано 21 гру 2024

КОМЕНТАРІ • 53

  • @mariallamas7148
    @mariallamas7148 6 років тому +1

    Hi Candus I would like to say thank you for the informational videos. and I have a question that I hope that you can answer for me I am new to QuickBooks online and use your books plus online I am going through bank statements manually which is the expenses and deposit I'm also entering invoices but I think I should've done sales receipt for cash coming in and also pay independent contractors from the cash received from customers. I have been saving it in undeposited funds but how do I deposit into the checking account without making it a double deposit should I not make the deposit from the bank statements and just transfer funds from undeposited funds the amount of the actual doposits

  • @nancylawson2662
    @nancylawson2662 4 роки тому +1

    I picked purple-blue. thank you Candus for this very fun tip!!

  • @sherenecantave2855
    @sherenecantave2855 6 років тому +1

    Help...I have money sitting in my undeposited funds but the invoice for that money already shows that it is paid. If I deposit the money from undeposited funds into my bank account, it will show more money than I actually have. How do I move the money from undeposited funds without duplicating the amount?

  • @SuperDarndt
    @SuperDarndt 4 роки тому

    HELP>>>>>I have entered in a series of sales receipts, that are part of one larger deposit. All stored in my bank bag of "undeposited funds". But as I look at the bank register before posting the deposit...the register shows each sales receipt as a "payment" creating a negative flow to the checking account. thinking maybe I just did not see this before, I make the deposit...using the sales receipts listed from above, all is good. post the deposit. Nope deductions are still there.
    Then I think it might go away as I reconcile. Nope, I "check off" the deposits, and actually check or payments made, and there sit all of the sales receipts as if they are checks to be reconciled.
    I feel I have being doing the same steps for a couple of years. the only difference is I had to create a new bank account.
    Have I missed some thing in set up?

    • @CandusKampfer
      @CandusKampfer  4 роки тому

      Darla, sounds like your items aren’t setup to sales type accounts. I would recommend checking that.

  • @tmorales1409
    @tmorales1409 7 років тому +1

    Help....Im using Quickbooks for rental property income. The tenant sends me multiple checks that doesn't cove the total invoice amount. How do you apply multiple payment and be able to view each check payment amount with a remaining balance on the invoice?..... is there a setting or preferences that I need?
    Second, what is the bank registry for if your reconciling/ matching the bank statement with the cash account?
    Thanks in advance!!

    • @alikareem3829
      @alikareem3829 5 років тому

      Knowing how to make a cash bank account for transaction I make in cash is something I'm unable to anywhere... Wish someone can help

  • @alexahndrogallardo3713
    @alexahndrogallardo3713 2 роки тому

    Hi
    I dont make deposit with quickbooks but I did deposit a lot of checks and cash in to one deposit. How can I create a rule to do it right, and set up correctly

    • @CandusKampfer
      @CandusKampfer  2 роки тому

      Hi Alexahndro,
      I'll make sure your question is added to Candus' list of future Tips & Tricks ideas.
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      Have a great day 🙂
      Elaine
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  • @My.BusinessCoach
    @My.BusinessCoach 4 роки тому +1

    Hi, I am from Bahawalpur, Pakistan and have been improving my QBO skills through watching your videos and following your tutorials. I really love the way you communicate and bring energy and vibes by offering solutions. Its really a fantastic effort to resolve problems of millions of people. I really love and appreciate your efforts.

    • @CandusKampfer
      @CandusKampfer  4 роки тому +1

      Glad to hear that you are enjoying Candus' tutorial videos.
      Have an amazing day!
      Elaine-Team Candus

  • @zoilamarcia5793
    @zoilamarcia5793 6 років тому

    hello Candus, i do bookkeeping for my church. since the prior bookkeeper started using undeposited funds (sales receipts) for the offerings received so i continue using same process. however, as i go to record the deposits i see i still have old-duplicated sales receipts in there listed. i already verified that they are duplicated, i guess i created them early when i was learning the process. anyway, i need to clear out those duplicated transactions. how do i do that? hope i didn't confuse you. thank you.

  • @jesicaguevara8673
    @jesicaguevara8673 2 роки тому +1

    Hi. I was wondering if I could get some help please. I received a payment for an invoice, however the payment was suppose to be in usd and I received it in cnd. I need to deposit into my PayPal cnd account. How do I enter this? How do I add I guess the exchange gain/loss? Can you please help me? Thank you in advance.

    • @CandusKampfer
      @CandusKampfer  2 роки тому +1

      Hi Jesica,
      Thank you for watching our videos 😊
      I will add your question to the list Candus uses to create new QuickBooks tips each month. 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
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  • @noemiaguilar-horta3427
    @noemiaguilar-horta3427 4 роки тому

    I have a client with really old undeposited transactions that where being sent there on default, and have been able to reconcile their accounts fine (since 2018 its now 2020) Is there a way to clear that up and not show on the balance sheet without messing with the bank balance? I will make sure its used properly from now on.

    • @CandusKampfer
      @CandusKampfer  4 роки тому +1

      Hi Noemi,
      I added your question to our list. Candus uses questions that are submitted to create new QuickBooks tips each month. Please join the weekly tips and tricks to be notified when your question is answered. *canduskampfer.com/tips*
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  • @temwawright2670
    @temwawright2670 4 роки тому

    I'm using Quickbooks online. How do I find the option to unselect the "use undeposited funds as a default deposit account" feature?

    • @CandusKampfer
      @CandusKampfer  4 роки тому

      Hi Temwa,
      Thank you for reaching out to us.
      I just added your question to our list. Candus uses the questions that are submitted to create new QuickBooks tips each month. Please join the weekly tips and tricks to be notified when your question is answered. canduskampfer.com/tips.
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  • @le04ech
    @le04ech 4 роки тому +1

    Started at a new company, you videos have been so helpful as I've been thrown into bookkeeping! Yeesh. They have literally millions from 2019 undep funds but everything has been deposited. What do I do????? Please help and thanks!

    • @CandusKampfer
      @CandusKampfer  4 роки тому

      Hi Alice,
      Thanks for your question, I've added it to our list. Candus uses the list to create future tips and tricks.
      Don’t forget to join the weekly tips and tricks to be notified when questions are answered. canduskampfer.com/tips
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      Elaine - Team Candus
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  • @jvc8947
    @jvc8947 5 років тому

    When I try to do the it will not left me choose undeposited funds (I get an error telling me it an internal account and to pick a different one) we have more than 2 years of these funds and I’m trying to clean things up after my husband’s secretary left the company.

    • @CandusKampfer
      @CandusKampfer  5 років тому

      Hi J EV,
      Thanks for your question, I've added it to our list. Once a month, Candus picks the top 10 questions and answers them Live on her FB page.
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  • @JenniferFortunato
    @JenniferFortunato 4 роки тому

    Thank you, this has help me out a lot. I am still having an issue with the deposit in my register showing the deposit as undeposited funds instead of sales. It does not show them on my p and l as income. Any advice?

    • @CandusKampfer
      @CandusKampfer  4 роки тому

      Yay! Glad the video helped you 🙂
      I added your question to our list. Candus uses questions that are submitted to create new QuickBooks tips each month. Please join the weekly tips and tricks to be notified when your question is answered. *canduskampfer.com/tips*
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  • @PhilBrooks-b8k
    @PhilBrooks-b8k Рік тому

    I use Undeposited Funds and I reconcile my checking account each month and I "Make Deposits" right before I reconcile. However, when I pull up my balance sheet, it shows I have $86,000 in Undeposited Funds. These are from the whole year, funds from each month. Can you help me get these to zero? I feel like I'm doing everything correctly. Apparently not...LOL

  • @angelamoore5196
    @angelamoore5196 5 років тому +1

    I have a payment that was noted twice. How do I get rid of that?

    • @CandusKampfer
      @CandusKampfer  5 років тому

      Thank you for watching the video!
      Due to the large volume of questions and emails we receive daily, Candus isn’t able to respond to all of them any longer. If you are just starting out with QuickBooks or feeling overwhelmed and need help, register to join her next workshop here: canduskampfer.com/getting-started/
      Have an amazing day!
      Elaine
      Team Candus

    • @CandusKampfer
      @CandusKampfer  5 років тому

      Angela, Sounds like you need to check the customer center for duplicate payments.
      Candus

    • @angelamoore5196
      @angelamoore5196 5 років тому

      @@CandusKampfer excuse my lack of knowledge but what do I do in customer center?

  • @gabyperez1762
    @gabyperez1762 3 роки тому +1

    Thank you so much....👍 it was really helpful and clear.

    • @CandusKampfer
      @CandusKampfer  3 роки тому +1

      Hi Gaby,
      Glad it helped you!
      Have an amazing day.
      McKenzie ~ Team Candus
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  • @EDaguanno
    @EDaguanno 3 роки тому

    How to set up a leased vehicle in Quickbooks desktop?

    • @CandusKampfer
      @CandusKampfer  3 роки тому +1

      Hi Elaine Daguanno,
      Thank you for your question, we've already added your question to our list.
      Candus uses the list to create new QuickBooks tips each month. Please join the weekly tips and tricks to be notified when your question is answered. canduskampfer.com/tips
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  • @kaleidoscopek9148
    @kaleidoscopek9148 6 років тому

    i have a customer overpaid for an invoice already paid. How to show this in customer statement to reflect the current amount which is negative. please help,

  • @jenifercedillo8876
    @jenifercedillo8876 5 років тому

    Great explanation of UNDEPOSITED FUNDS!

    • @CandusKampfer
      @CandusKampfer  5 років тому

      Yay! Glad it helped you Jenifer!
      Elaine Team Candus

  • @mariallamas7148
    @mariallamas7148 6 років тому

    Thank you Candus. So I should only record the expenses from the bank statements. So if there is more income that is not being deposited should I leave that in the undeposited funds or create a different account to deposit it?

    • @mariallamas7148
      @mariallamas7148 6 років тому

      this is an all cash service business, i receive money from a customer and then pay the independent contractor, and not all the money is deposited in the bank, just what is needed to pay the business expenses. So when I enter the money received i put in undeposited funds, and the money that i pay to the Independent contractors i enter as an expense but with undeposited funds account.

    • @mariallamas7148
      @mariallamas7148 6 років тому

      Actually i pay them as independent contractors and have them set up as such

  • @beautifullady7632
    @beautifullady7632 5 років тому +1

    I love your lesson.

    • @CandusKampfer
      @CandusKampfer  5 років тому

      Awesome! Glad it worked for you!
      Elaine -Team Candus

  • @conniemoore4051
    @conniemoore4051 3 роки тому

    How do I delete from the undeposited funds account

    • @CandusKampfer
      @CandusKampfer  3 роки тому

      Hi Connie,
      I added your question to our list. Candus uses questions that are submitted to create new QuickBooks tips each month. Please join the weekly tips and tricks to be notified when your question is answered. *canduskampfer.com/tips*
      Have an amazing day 😊
      Elaine - Team Candus
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  • @dorislecusay1624
    @dorislecusay1624 2 роки тому

    Thanks so much ❤

  • @mariallamas7148
    @mariallamas7148 6 років тому

    Thank you so much Candus, I really appreciate all your help.

  • @racsozerep8671
    @racsozerep8671 6 років тому

    Candus
    so I just got my qb software and i want to enter all of my previous moth accounting , how do you recommend me do it

    • @CandusKampfer
      @CandusKampfer  6 років тому

      Rasco,
      Thank you for reaching out to us!
      Due to the large volume of comments and emails, we receive daily, Candus isn’t able to respond to all of them any longer.
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      Elaine
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  • @mohammadaltamimi341
    @mohammadaltamimi341 6 років тому

    How to use periodic system on quickbooks with tracking for quantity☺ thank you in advance.

    • @CandusKampfer
      @CandusKampfer  6 років тому

      Mohammad Altamimi,
      Thank you for reaching out to us!
      Due to the large volume of comments and emails, we receive daily, Candus isn’t able to respond to all of them any longer. We will add your question to our future tip requests. Please join the weekly tips and tricks to be notified when your question is answered. canduskampfer.com/tips
      Have an amazing day!
      Elaine
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  • @ronelle5496
    @ronelle5496 2 роки тому

    this didn't work in quickbooks online :/

    • @CandusKampfer
      @CandusKampfer  2 роки тому

      Hi Ronelle,
      I'll make sure your question is added to Candus' list of future Tips & Tricks ideas.
      If you'd like to make sure you get our weekly tips, you can join here: canduskampfer.com/weeklytips
      Have an amazing day🙂
      Elaine
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  • @irasemagramajo3568
    @irasemagramajo3568 7 років тому

    I love your videos very helpful😀

    • @margieniemiec1276
      @margieniemiec1276 6 років тому

      Candus Kampfer how I can delete available costumers available credit.