Comments

  1. Ali Matook says

    Can I have an account in the account chart in foreign currency other than AR or AP ,
    for example if I want to have sundry debtors in foreign currencies

    • Chief Mechanic says

      If by “sundry debtors” you mean a current asset account, no, you can’t do that. Current asset accounts must be in the firm’s home currency.

  2. How can I create a new special account type for undeposited funds if I’ve accidently deleted that account?

    • You can’t create a new special account type. Special account types are an internal designation used by QuickBooks.

      I think what you really mean to ask is how you go about creating a new Undeposited Funds account.

      You would have been able to delete your existing Undeposited Funds account only if it had no transactions. If the account is not appearing in your account list, check to make sure you didn’t mark the account Inactive instead of deleting it. Marking an account Inactive will cause it to disappear from the account list, which leads some to incorrectly think it has been deleted.

      Next, check your preference to see if you are using the Undeposited Funds account. If so, try recording a customer payment. I suspect QuickBooks will create a new Undeposited Funds account if you did actually delete the existing account. The new account may be named *Undeposited Funds, if there is an existing account with the same name without the asterik.

      You can verify that an account is actually functioning as your Undeposited Funds account (the one with the special account type) by recording a customer payment and seeing where the payment ends up.

      Once the Undeposited Funds account is created and working, you can rename it to something else.

      Let us know if that helps.