The final step in the sales process is to record your bank deposit. We’ll go over how to do this using the Undeposited Funds account. This lets you group multiple customer payments together into a single bank deposit
There are multiple ways to record deposits in Quickbooks Online, depending on how you get the payment. It could be from a customer or it could be a refund of an overpayment. This video walks through how to make these types of deposits correctly in Quickbooks Online.