Do This, Not That: Clean Up Undeposited Funds

Do This, Not That: Clean Up Undeposited Funds

Do This:

Review and clear your Undeposited Funds account regularly to match payments to bank deposits. Doing this keeps your income reporting accurate and prevents overstatements.

Not That:

Don’t let payments sit in Undeposited Funds indefinitely. When this account isn’t maintained, it throws off your financial reports and makes reconciliations more difficult.

Cleaning up this account ensures that your income is accurate, your books reconcile easily, and your financial reports are accurate and understandable.

Need help reviewing your Undeposited Funds or correcting past mistakes? We’re here for that. Let’s connect!