Undeposited Funds Reconcilation Needed
under review
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Kristen Jendretzky
There needs to be a way to reconcile the Undeposited Funds account or a report that proves the balance in the account. The Undeposited funds account should net to zero but won't if there are always payments in transit. The only way I have found to identify what is in the account is by exporting all the transactions to to Excel and matching them one by one. The Undeposited Funds account is not an available account in the Reconcile module but would be a great solution if it was.
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Priscilla Wolfe
I agree. The account was reconcilable and subsequently taken out of the reconciliation window. What would be the reason for removing the "other current" asset account, a balance sheet account from reconciliation?
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Stephen Weaver
Absolutely agree. It's a must have.
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Pamela Kyle
Yes! So many accountants mishandle this account. It would help explain what this account balance is for.
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under review