Define: Undeposited Funds

UK Accounting Glossary

Definition: Undeposited Funds

Quick Summary of Undeposited Funds

Payments that have been received by cash, cheque, or credit card that have yet to be paid into the bank.

What is the dictionary definition of Undeposited Funds?

Dictionary Definition


Full Definition of Undeposited Funds


Undeposited Funds FAQ's

Are undeposited funds a debit or credit?

When a customer’s cheque is received as a payment it is a credit to Accounts Receivable (as a reduction of that account), and as a debit for Undeposited Funds (an increase in that account-which is a holding account until the deposit is made). The funds are then transferred to the bank account by way of a deposit.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Undeposited Funds. Payroll & Accounting Heaven Ltd. November 17, 2019
Chicago Manual of Style (CMS):
Undeposited Funds. Payroll & Accounting Heaven Ltd. (accessed: November 17, 2019).
American Psychological Association (APA):
Undeposited Funds. Retrieved November 17, 2019, from website:

Definition Sources

Definitions for Undeposited Funds are sourced/syndicated from:

This glossary post was last updated: 26th December 2018.