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Why Do Bill Payments Show Up as Undeposited Funds in QuickBooks Online Instead of Syncing Directly Into the QuickBooks Operating Account?

Question:

  • Why do operating account transactions not sync into Quickbooks Online?
  • Why do only bill payments not operating transactions sync into Quickbooks Online?

Environment:

  • Clio Manage

Additional Information:

Answer :

Undeposited Funds is an internal other current asset account created by QuickBooks to hold funds until you are ready to deposit them. It serves as the default Deposit To account when you receive payments. It’s basically a temporary account that QuickBooks uses to hold any received payments from invoices before depositing them into the bank. This occurs with any kind of integration with QuickBooks Online.

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