Correcting Customer Payments, deposits and Undeposited Funds

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Uploaded by on Mar 14, 2010

For a much better quality version of this web cast and the full write up visit out QuickBooks Blog:
http://www.quickBooksnerd.com
Here's the link directly to the post:
http://quickbookshelp.wordpress.com/2010/03/14/correcting-customer-payments-a...

In addition to beginning to learn how to audit a quickbooks file this video shows you how to correct a common mistake made by owners and bookkeepers in recording income on the books.

You will also learn about that god forsaken "undeposited funds" account. Once you understand it and how it works you will find that it really is your friend - it allows you to group multiple payments together in one deposit without duplicating your income.

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