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Question regarding Quickbooks

  • 21-09-2011 1:17pm
    #1
    Registered Users, Registered Users 2 Posts: 84 ✭✭


    We are thinking of moving to Quickbboks however please could someone explain:

    We are a cash based buisness supplying a service and we pay wages in cash and drawings. The balance is then lodged to the bank, however, in Quickbooks when we raise a cash sale the amount gets put into "undeposited funds". Since we pay wages and drawings out of this "undeposited funds" we are unable to record this in Quickbooks.
    In summary on a weekly basis our sales less wages less drawings= bank lodgement.
    Can someone explain how we can deal with this in Quickbooks thanks.


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