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Reckon/Quickbooks – How do you VOID Undeposited Funds?
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Published on Monday, 28 April 2014 12:37
Client called - They said they were trying to void the undeposited funds in that account, but the list of undeposited funds will not let them change the account numbers or the amounts. What can I do to make changes?
Solution is - Undeposited funds are not transactions that can be edited. Instead, go to the customer transactions, find the sales receipt type of Invoice/Sale – void it, or if there is a payment to an invoice that created the undeposited fund transaction, delete the payment. Any changes you make on the transactions will directly affect the undeposited funds list/account. If the reason for the change is that the invoice that had a payment to it was never paid, usually it is written off at year end to tidy-up the accounts ready for your accountant.
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