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• Undeposited Funds is an item type usually associated with NSF fees.

• Undeposited Funds is an account used to record unpaid invoices.

• Undeposited Funds is an item type usually associated with bad debt.

• Undeposited Funds is an account used to record payments before you make a deposit.

• The income from the sales will not show up in the bank account.

• The cash flow report will be wrong.

• If you record sales through the bank deposit or journal entry screen, the sale will not appear on sales reports.

• It is actually a good idea to record sales through bank deposits and journal entries.

• Set the customer’s Terms to Net30.

• Select the checkbox next to Due in 30 days.

• You have to set this on each invoice you enter for the customer.

• Set the due date on the next invoice you enter for the customer. After that, QuickBooks will remember.

• Overdue Bills report

• Accounts Payable Aging report

• Bills by Due Date report

• Open Bills report

• To track attempts to access a restricted area.

• To track any changes and deletions to transactions as well as track which user makes the change or deletion.

• To prepare the books for an accounting firm’s audit.

• To help you perform a year-end audit.

• Bill

• Invoice

• Estimate

• Sales Receipt

• You cannot use one product/service to represent different services or goods.

• You can use one product/service to represent different services or goods.

• To create an invoice, you can use a product but not a service.

• Products/Services allow you to track your sales in more detail without cluttering your Chart of Accounts or Profit & Loss.

• To create an invoice, you can use either a product or a service.

• Enable the box, "I purchase this product/service from a supplier."

• Enable the box, "Vendor purchase."

• Type a comment in the note box explaining this purchase is from a supplier.

• Type a comment in the note box reminding yourself to add this product/service to Inventory.

• You recorded a check but have not printed it yet.

• You printed a check on blank paper but now realize you don't want to record the check.

• You accidentally recorded the same check (with the same check number) twice.

• You printed a check and the check number has been used.

• Use a "V" at the end of the display name on the vendor record to differentiate the vendor record from the customer record.

• As long as the address is different, you don’t need to do anything.

• Select "also use as vendor" option on the customer record.

• Make sure the vendor flag is on.