To complete this exercise, you must be in the Sample company. From your QBOA account, click on the Gear icon on the top right corner of the screen, then select Sample company.

Note that you will be logged out of your current account. If you are sure, click "Continue" to confirm. 

Click the "+ New" button, then select "Bank deposit".

Click the "checkbox" at the top of the column to select all payments.

In the Add funds to this deposit section, in the Account field, select "Sales of Product Income".

*Note that in a real life scenario, you would need to break out the various income accounts that these payments were for.*

In the Amount field, type "-2062.52". *This matches the total for the checked transactions above, which will zero out the deposit.*

Click the down arrow next Save and new, then select "Save and close".

Want to follow along? [Click here](https://youtu.be/vjVMxfTsLOo) for our video walk-through.

Questions/Problems/Concerns?[ Send feedback.](https://www.bookwidgets.com/play/k6rmQMKk-iQAEzXMdagAAA/BEXUQBE/feedback-scrib?teacher_id=6434462993219584)

QuickBooks

QuickBooks is a widely-used accounting software developed by Intuit, designed to simplify financial management for businesses of all sizes. It provides a user-friendly platform for tasks like invoicing, expense tracking, payroll processing, and generating financial reports. QuickBooks automates many financial processes, making it easier for businesses to monitor their financial health, prepare taxes, and manage cash flow. With its various versions and integrations, QuickBooks caters to the needs of freelancers, small businesses, and larger enterprises, offering a flexible and comprehensive solution for efficient accounting and financial management.

app.qbo.intuit.com

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Scenario: You have just started working with Craig, and you notice that he has quite a few transactions in his Undeposited Funds account. You have confirmed with Craig that he has deposited all the money he has received.

The number of transactions in Undeposited Funds is too large to be able to clean up individually.

What is the easiest way to clean this up?

A.4.8b Fix Undeposited Funds the Easy Way

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