The Undeposited Funds account is designed to temporarily hold payments you’ve received but haven’t yet deposited into your bank. It helps you track money in transit, such as checks or cash payments, until they’re deposited into your bank account.
| Info |
|---|
The Undeposited Funds account is not created manually. It is automatically generated when you start invoicing clients. |
Why use the Undeposited Funds account?
...