Definition
A bulk deposit is when you combine several payments — such as checks, cash, or both — and deposit them into your bank account as one transaction instead of depositing each payment separately.
Why It Matters
Your bank records a bulk deposit as one total amount, even though it may represent payments from several different customers.
For a business, keeping those individual payments connected to the combined deposit is important for accurate customer balances, invoice records, and bank reconciliation. Without that connection, it can be difficult to tell which customer payments make up the amount shown on your bank statement.
How This Works in Quicken
(Quicken Business & Personal only) Quicken gives you two ways to connect a bulk deposit to the individual customer payments it contains:
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Undeposited Funds — record each customer payment individually before making the bank deposit, then record the combined deposit as a transfer from Undeposited Funds.
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Split Deposit — if the combined deposit has already been downloaded from your bank, split it into the individual customer payments that make up the total.
Both methods allow you to keep the individual payment records while matching them to the single deposit shown by your bank.