Recording deposits

You've sent the invoice and have done a…cash sale, you've received your payments and you've either…already deposited the cheques in the bank physically, or…you're about to at the end of the day.…You need to tell QuickBooks about it, so that your…deposit in your QuickBooks matches up to your physical bank statements.…When we process the payment, it got…grouped into an account called Undeposited Funds.…QuickBooks will take that amount, and record the bank deposit, and…then it will clear out the undeposited funds…of those checks that you chose to deposit.…

Let's do that now.…I can see here if I hover my mouse over…record deposits, that I have two deposits I need to do.…So I'm going to record those by double clicking the record deposits.…And it's going to popup a new dialogue box.…Because these deposits need to be…reconciled against your actual physical bank deposit,…it's very important that this matches up to the actual physical transaction.…It's very common in a real world scenario that…things can change on the way to the bank.…