Do I have to use the undeposited funds account?

This is the default account that is where your payments go so that you can group them the same way you do for your bank deposit. If you only deposit one check at a time, you can deposit them directly to your checking account as follows:

Go to Edit>preferences>Sales & Customers> and uncheck the "Use undeposited funds as a default deposit to account.

Then you can select your operating checkbook to directly deposit your payments to. Remember, if you group your payments for deposit, use the undeposited funds account and then go to make deposit and select the checks to be deposited. That way your deposits will match your bank statement and make reconciling easier.

Lynda

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