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Making Deposits

After you enter the payments that you receive (both payments against invoices and cash payments without invoices), you need to record a deposit to your bank account. Until you record the deposit in QuickBooks, the undeposited amount is listed on your balance sheet as an Other Current Asset called Undeposited Funds. The balance in your cash account is not affected by the deposit until the deposit is actually recorded.

When you are ready to make a deposit, follow these steps:


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