Companies syncing BQE CORE with QuickBooks Desktop are unsure whether the Deposit Account in BQE ePayments should be set to a checking account or Undeposited Funds. There is also confusion about whether this setting controls where BQE ePayments deposits actual funds.
The confusion occurs because the Deposit Account setting in CORE is used for accounting and sync purposes only, while the actual bank deposit of BQE ePayments is handled separately through the ePayments merchant profile. These two functions are independent of each other. You don't need to change anything if your current setup is working correctly with QuickBooks Desktop. The Deposit Account selected in CORE determines how payment transactions are recorded and synced into QuickBooks Desktop (for example, posting to Undeposited Funds or directly to a checking account). It does not control where BQE ePayments money goes. All ePayments funds are automatically deposited into the checking account configured in your ePayments merchant profile, regardless of the Deposit Account selected in CORE. As long as payments are syncing properly to QuickBooks Desktop and bank reconciliation is accurate, it is safe to leave the Deposit Account settings unchanged.