How do I handle undeposited funds?

If you receive payments for invoices or cash sales but don't deposit the payments directly into a bank account, you can add an asset account such as Undeposited Funds and use it to track the cash and checks (Cheques in Canada) until you deposit them into your bank account. Then, after you finally get to the bank, transfer the money from the asset account to your Quicken bank account.

Note for our Canadian Customers

The following terms will be different in the Canadian releases of Quicken.

Canada: "Cheque" / United States: "Check"
Canada: "Colour" / United States: "Color"
Canada: "Centre" / United States: "Center"
Canada: "Realise" / United States: "Realize"
Canada: "Behaviour" / United States: "Behavior"
Canada: "Analyse" / United States: "Analyze"

This feature requires Quicken Business & Personal. Learn how you can upgrade Quicken in minutes.