How can the Undeposited Funds account show up with the Bank Account balances on the Balance Sheet?
My desire is to show cash I have on hand (Undeposited Funds account) to show up with my other Bank (cash) accounts.
You can group or roll up accounts using Intuit Statement Writer -- so you can show Cash & Cash Equivalents. You can't do it with a regular QuickBooks report.
Please post additional questions or else click SOLVED. Thanks!
IF QuickBooks would allow us to change the Undeposited Funds account to be a bank account type, we could make it a sub account to your bank account and I think it would work out the way you want it to. HOWEVER, Michelle is right. This is a good suggestion to make to Intuit, actually. I don't know why Undeposited funds couldn't be a bank type of account.
That is a good idea -- if lots of us submit it, maybe it will get changed. Within QuickBooks, go to File>Submit Feedback Online>Product Suggestion to submit it. They really do monitor the suggestions submitted.
I will make a suggestion and request others I know to do the same. Thank you for the information Michelle.
