You may designate an account from your Chart of Accounts to hold undeposited payments and sales receipts. You may also choose the default placeholder account Undeposited Funds instead of choosing a specific account. QuickBooks users should leave this set to Undeposited Funds.

1. Click Setup in the left-hand menu.
2. Click Chart of Accounts in the Billing area.
3. Select the appropriate Undeposited Payment Account.