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  #1  
Old 03-19-2009, 04:57 PM
EDP1 EDP1 is offline
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How to clear undeposited funds??

Having a problem clearing an amount from undeposited funds; if I try clearing it, it goes to Banking - Make Deposits window. It is not for a deposit. My accountant says I can't do anything before the closing date, 12/31/08. I would like to have undeposited funds be at zero at the end of each day, instead of -1145.75, and would like the Make Deposits window to only have the deposits from the day. Any ideas to clear this without going around in circles??
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Old 03-19-2009, 05:04 PM
Joe Williams Joe Williams is offline
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When you open the Make Deposit window you should see only payments that have not been deposited. Where/how are you seeing the negitive amount in Undeposited Funds??
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Old 03-19-2009, 05:53 PM
EDP1 EDP1 is offline
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In March 2007, when I upgraded my QB Edition to a newer year, the "rebuild entry" process kicked out some transactions that equaled the amount in question. It has been carried forward since then. The "make deposits" is now at just current amounts, but when I go to General Journal Entries to debit the undeposited funds, it goes to make deposits.
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Old 03-20-2009, 08:03 AM
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lisa_mn lisa_mn is offline
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OK, so make your journal entry debiting undeposited funds and crediting, say misc. expense.

Now go to make deposits and select your journal entry and on the deposit screen, enter another line with Misc. expense in the from account with the offsetting amount to create a $0 deposit and you should be set.
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  #5  
Old 03-20-2009, 11:18 AM
EDP1 EDP1 is offline
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I tried the above suggestion, but it brings it back into undeposited funds again. Your suggestion is exactly what my accountant suggested also. She couldn't get it to go away either. Going in circles. Any other thoughts?
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Old 03-20-2009, 12:43 PM
EDP1 EDP1 is offline
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Anyone have any other suggestions?
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Old 03-20-2009, 04:00 PM
EDP1 EDP1 is offline
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Anybody, Bueller? Bueller? , Anybody have any other suggestions?
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  #8  
Old 03-20-2009, 04:06 PM
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Bueller took the day off - I heard he was REALLY sick, poor guy!

Maybe Shannon, who runs this site, can get under the hood and fix it. Call the # on the "data damaged?" Banner ad at the top of the page here.
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  #9  
Old 03-20-2009, 04:46 PM
EDP1 EDP1 is offline
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thanks, I'll look into it!
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