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In this tutorial, Matt Holdquist from QuickBooks University explains how to fix errors related to undeposited funds in QuickBooks. Undeposited funds is an account that reflects payments received from customers that have not yet been deposited in the bank. The tutorial addresses the common issue of having undeposited amounts lingering in the account. Matt outlines the process of managing these funds, emphasizing the importance of distinguishing received payments from those that have already been deposited. He will demonstrate how to toggle settings related to undeposited funds to streamline the bookkeeping process.