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Helpful Bookkeeping Tips
Practical bookkeeping and QuickBooks Online tips to help small business owners stay organized and better understand their financial records.
QuickBooks & Bank Feeds
Review Bank Feed Transactions Before Accepting Them
QuickBooks can save time by suggesting matches and categories, but those suggestions still need
review. A quick check before accepting transactions can help prevent duplicates and incorrect
classifications.
What is Undeposited Funds?
Undeposited Funds is a holding account in QuickBooks. If the balance keeps growing or contains older transactions, it may be worth reviewing how customer payments and deposits are being recorded.
Not every deposit is income
Money coming into your bank account doesn’t always represent a customer sale. Transfers, owner
contributions, refunds, and other deposits may need to be recorded differently so your reports remain
meaningful.
Reconciliation helps you trust your numbers
Comparing your QuickBooks records with your bank or credit-card statement can help uncover missing, duplicated, or incorrectly recorded transactions before they pile up.