Serving Metro Atlanta, Lawrenceville, Dekalb, Cobb County, and other Georgia Communities as well as Dayton, Cincinnati, and surrounding Ohio Communities        
What is Undeposited Funds in QuickBooks?
The Undeposited Funds account acts as a holding account, similar to
holding money in a drawer until you make a deposit to your financial
institution.

If you set your Sales and Customers preferences to always use the
Undeposited Funds account as the default deposit to account, you will
not see the "Deposit to" option on the Receive Payments or Enter
Sales Receipts windows. Any payments you receive from customers
automatically go into this holding account until you deposit the
payment into a QuickBooks bank account
What to Expect when working with your
accountant

  • Your accountant should listen to you and
    understand your needs

  • Your accountant should understand your
    business

  • Your accountant should be well versed in the
    accounting software that you are using for your
    business

  • You should tell your accountant what YOU expect
    from the relationship

  • You should be honest with your accountant about
    your needs and abilities.  Your accountant
    should help you set realistic expectations based
    on your needs and abilities

  • You should feel comfortable talking with your
    accountant.

  • You should tell your accountant if you don't
    understand the answer to a question that you
    have asked.  Your accountant should work with
    you until you have an understanding of your
    question.

  • Your accountant should return your calls or e-
    mails in a timely manner.  This does not mean
    right away, but within a business day - even if
    they just inform you that they are out of the office
Check the health of your data file
Make sure there are no "hidden" problems with your QuickBooks data.  
Run the built in tool "Verify Data" at least once a month to help detect
problems that you have in your data base.

Go to the FILE menu, click on Utilities and choose Verify.  

QuickBooks will then check on the database and, if it finds any problems,
automatically fix them (a few small number of verifications will require
some intervention as QuickBooks will not be able to self correct).

If the program cannot automatically fix issues in the data file, give us a
call!