What might cause Undeposited Funds to be overstated? In QuickBooks

• A bill payment is made from Undeposited Funds.

• Undeposited Funds is used to pay down a credit card.

• Payment is not received and the deposit is posted to Accounts Receivable.

• A rule is set up to create a sales receipt and post it to the bank account.
• Payment is posted to Undeposited Funds but the deposit is posted to income