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

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  • Опубліковано 9 січ 2025

КОМЕНТАРІ • 33

  • @CandusKampfer
    @CandusKampfer  Рік тому +3

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

    • @guadalupeguevara7533
      @guadalupeguevara7533 Рік тому

      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
    @debrathompson554 Рік тому

    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
      @CandusKampfer  Рік тому

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

  • @HeatherGilbert-bl3rc
    @HeatherGilbert-bl3rc Рік тому

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

  • @crankiestnebula
    @crankiestnebula Рік тому

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

    • @CandusKampfer
      @CandusKampfer  Рік тому

      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

  • @ELA-x3e
    @ELA-x3e Місяць тому

    Thank you for your clear explanation! What I’m not quite understanding is this: if you create an invoice, then go to the banking feeds and click "Match Invoices," it seems the invoice amount is automatically deposited into the bank account in the chart of accounts. Wouldn't clicking "Record Deposits" and then matching the banking feeds again create a duplicate process?
    I guess my question is whether this is the correct workflow:
    1. Create the invoice.
    2. Click "Receive Payments" once the payment is made (which I could also do via the banking feeds) ?
    3. Click "Record Deposits."
    4. Match the banking feeds

    • @CandusKampfer
      @CandusKampfer  Місяць тому

      Hi,
      Thank you for watching our tutorial.
      If you're looking for a more in-depth training on this topic, I recommend checking out our Confidence with QuickBooks program.
      You can learn more by attending our Customizing QuickBooks Workshop.
      Save your seat here: CandusKampfer.com/workshop
      Have a great day!
      Samantha, Team Candus

  • @StoutSecurity
    @StoutSecurity Рік тому +1

    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
      @CandusKampfer  Рік тому +1

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

  • @deannechandler1914
    @deannechandler1914 Рік тому +1

    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
      @CandusKampfer  Рік тому

      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
    @Tobhiyah Рік тому

    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?

  • @serrahna3870
    @serrahna3870 Рік тому

    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
      @CandusKampfer  Рік тому

      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 ↓
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  • @ElonaCauli
    @ElonaCauli Рік тому

    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
      @CandusKampfer  Рік тому

      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

  • @PatToombs-u7h
    @PatToombs-u7h 10 місяців тому

    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
      @CandusKampfer  10 місяців тому

      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

  • @DakotaBarcus
    @DakotaBarcus Рік тому

    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

  • @lifetrader67
    @lifetrader67 5 місяців тому

    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
      @CandusKampfer  5 місяців тому

      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

  • @gracietamps7430
    @gracietamps7430 Рік тому

    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
      @CandusKampfer  Рік тому +1

      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 support@canduskampfer.com
      Have a great day,
      Samantha
      Team Candus

    • @gracietamps7430
      @gracietamps7430 Рік тому

      thank you for your reply@@CandusKampfer

  • @camarilloelectricsupply8365
    @camarilloelectricsupply8365 9 місяців тому

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

    • @CandusKampfer
      @CandusKampfer  9 місяців тому

      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

  • @DD-ko5gv
    @DD-ko5gv Рік тому

    Help! I am getting deposits entered twice!

  • @christinebree986
    @christinebree986 9 місяців тому

    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
      @CandusKampfer  9 місяців тому

      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

  • @kaylakuper2822
    @kaylakuper2822 8 місяців тому

    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
      @CandusKampfer  8 місяців тому

      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