This article covers what Undeposited funds report is and how it works
What is Undeposited Funds Report
Undeposited Funds report play a crucial role in managing and tracking received payments before they are deposited into your actual bank account. When you receive a payment from a customer, CP Books allows you to record that payment in the "Undeposited Funds" account. This account acts as a temporary holding location for customer payments.
Where can you find it in CP Books?
Go to CP Books→ Other→ Undeposited Funds Report
Type in a customer or use the filters on the right to narrow down your results. If you don’t see the filters click the filter button.
At the bottom are the options to Print or Export.
Deposit Undeposited Funds
To add an entry to your undeposited funds click the ‘Add’ button, select a customer and you will be on the enter payment screen for that customer.
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Click the ellipsis on an entry and you will have the options to View Receipt, Email Receipt, View Data Push, View Journal Entry,
Open Customer, or Delete Payment.
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