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Record Restricted & Unrestricted Funds Using Bank Deposit in QuickBooks Online

Record Restricted & Unrestricted Funds Using Bank Deposit in QuickBooks Online

Recording bank deposits when you have a mixture of restricted funds and unrestricted funds sitting in your undeposited fund account can be tricky.

If you don’t record the deposit correctly, you will often end up with the amount showing in the “Not Specified” column when you run a statement of financial position by location tracking report. Keep reading to learn how to record restricted and unrestricted bank deposits in QuickBooks Online.