Definition
A bulk deposit is when you take several payments — checks, cash, or a mix — to the bank and deposit them together as one transaction, rather than depositing each payment separately.
Why It Matters
A bulk deposit shows up on your bank statement as one lump sum, with no record of the individual payments that made it up. This matters for your own records because Quicken Business & Personal tracks payments by customer and invoice — if a bulk deposit is recorded directly into your bank account, Quicken has no way to know that one deposit actually represents several separate payments, which can make your invoices, customer balances, and bank reconciliation harder to keep accurate.
How This Works in Quicken Business & Personal
To keep a bulk deposit tied to the individual payments behind it, Quicken uses two features: Undeposited Funds [confirm exact field/feature name with SME/PM], for recording payments individually before they're combined into one deposit, and Split Deposit, for breaking an already-downloaded bulk deposit back into its individual payments.