Is it possible to post a vendor payment to the Undeposited Funds GL? We use PayPal for both incoming customer payments and a few vendor subscriptions. PayPal includes both of these transaction types in our daily deposits, but we are not able to match our deposit records with PayPal’s activity because the vendor payments are not available in Undeposited Funds as we create our deposits. They would post to the Undeposited Funds GL similar to a customer refund. Thank you in advance.
Vendor Payments Posting to Undeposited Funds GL
Userlevel 7
+16
Hi
If it is a true “Undeposited Funds” account, you can not post to it. In Acumatica, if a GL account is also a Cash Account for example and it is marked as a clearing account, you can not post payments to that.
However, if this is just an account that you are calling Undeposited Funds, you can post to it.
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