How do I record unallocated deposits and payments using my bank account in Zoho Books?

In Zoho Books, it is possible to track unallocated deposits or uncategorized transactions using a Payment Clearing account.

To create a payment clearing account:

• Go to Accountant on the left sidebar and select Chart of Accounts.
• Click + New Account at the top of the page.
• In the Create Account pop-up, enter the required details:
  • Select the Account Type as Payment Clearing.
  • Enter the Account Name.
  • Enter the Account Code and provide a short Description, if required.
  • Click Save.

Once you create the account, you can associate it with the uncategorized transactions in the banking module of your Zoho Books organization.