Undeposited Funds (Zero Balance)
This account is debited when resident payments are posted to invoices and automatically displays payments on the bank deposit screen. When bank deposits are made using the Bank Deposit routine, these amounts are credited. The balance of this account should be zero at the end of each business day. If this account contains a debit balance, there are payments that have not been deposited to the appropriate bank account. This account typically would not have a credit balance. Journal entries to this account will not show on the deposit screen.
This account is also used as a pass-through account to credit one invoice and debit (show paid) another.