Payments received but not yet deposited are sent to the Undeposited Funds account. If you do send an invoice, you’d click the Receive Payments icon on the home page ( Customers | Receive Payments).īut where do those payments go in QuickBooks? Funds received from both invoices and sales receipts go into the Undeposited Funds account. You can go to Customers | Enter Sales Receipts (or click Create Sales Receipts on the home page) if you’ve received money for a purchase that you’re not invoicing because it was paid immediately. There are two ways in QuickBooks to record funds that have been remitted to you. If you’ve taken a QuickBooks training course, you know that it’s easier using the software. At the end of the day, someone had to match payments against invoices to make sure they were processed correctly, tally up the totals and fill out a deposit slip, and run to the bank. In earlier days (and perhaps even now), you probably stashed the checks in a folder or lockbox or someone’s desk drawer. How do you handle money that comes in to pay for products and/or services you’ve sold during your workday? Here’s how to process payments you receive during the day.
