How do I transfer payments from undeposited funds to my bank account in Zoho Books?
There are 3 ways by which you can transfer payments from undeposited funds to your bank account in Zoho Books:
Edit the Payment and Update the Deposit To Account
- Go to the Sales module on the left sidebar and select Payments Received.
- Select the payment for which you want to transfer the money received to your bank account.
- Click Edit on the top left corner of the payment’s Details page.
- Select the dropdown in the Deposit To field and select your bank account.
- Click Save.
Perform Bulk Update and Update the Deposit To Account
If you have multiple payments to transfer, it can be a tedious process to individually edit each payment received. In this case, you can bulk update the Deposit To field. Here’s how:
- Go to the Sales module on the left sidebar and select Payments Received.
- Click the check box towards the left side of the payments for which you want to transfer the money received to your bank account.
- Click Bulk Update at the top of the page.
- Click Deposit To in the first dropdown and select the bank account in the second dropdown.
- Click Save.
Create a Transaction From Your Bank Account
You can create a transaction in the bank account to which you want to transfer the undeposoted funds. Here’s how:
- Go to Banking on the left sidebar.
- Select the bank account to which you want to transfer the undeposited funds.
- Click Add Transaction and select Deposit From Other Accounts under Money In.
- In the pane that appears:
- Enter the amount to be transferred in the Amount field.
- Select the dropdown in the From Account field and select Undeposited Funds under Cash.
- Enter the other necessary details and click Save.