LeanLaw

LeanLaw recently added the ability to direct retainer deposits that are entered into LeanLaw to QuickBooks's undeposited funds.  The default is for the deposited items to land directly into the IOLTA bank account.  Accountants and bookkeepers much prefer the use of undeposited funds.  Curious as to why? Refer to this LeanLaw article. <a href="http://support.leanlaw.co/trust-iolta-and-retainers/why-use-undeposited-funds-for-deposits-in-qbo" rel="nofollow noopener noreferrer" target="_blank">LINK</a>

Changing Trust Deposits from the IOLTA Bank account to undeposited funds:

Head to: Settings/Firm Settings Accounting/QuickBooks Change Trust Account

LeanLaw advises against using the Undeposited Funds feature if you aren't familiar with depositing funds directly in QuickBooks.

Accounts prefer that all deposits are delivered to QuickBooks using the undeposited funds instrument. Here's how.

Change retainer/trust deposits to from bank deposits to undeposited funds in QuickBooks Online.

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