When you record payments into an undeposited funds account, individual cash receipt transactions are recorded in the undeposited funds account -- not directly to your bank or credit card accounts. After you've grouped all of the cash receipts transactions you want, you can then make a bank deposit which can include one or many of the grouped transactions. See Preparing a bank deposit of undeposited funds transactions for more information about undeposited funds.
Using this method, a single bank deposit transaction will appear on your bank or credit card statement in place of many cash receipt transactions. To learn how to choose a linked account for undeposited funds see To choose a linked account for undeposited funds transactions.