Unapplied Payments / Unapplied Deposits / Undeposited Funds:


Ensure these GL accounts exist in in Xero


    • Unapplied Payments
    • Unapplied Deposits
    • Undeposited Funds


It is important to note that a good knowledge of Xero is required for this, therefore we suggest you work with your Accountant. 


From the Chart Of Accounts within Xero, setup the following GL Accounts:


    • Unapplied Payments
    • Unapplied Deposits
    • Undeposited Funds


  1. Account Type = Current Asset
  2. Tax = No GST