Bank deposits allow you to group multiple Cash Receipts and/or Debit Journal Entry Lines together as a means to reconcile to your bank statement.
 
 
Summary of steps:
  1. Navigate to the Bank Deposits Tab
  2. Click new Bank Deposit
  3. Enter the Deposit Date and select the Bank Account. The deposit reference is not required. This field is used to identify the deposit in the bank reconciliation.
  4. Click the save button
  5. Click the Manage Cash Receipts button
  6. In the lower right pane you will see all Cash Receipts, and Debit Journal Entry Lines in the selected date range that are not associated with another deposit along with a link to the individual record. You are able to increase and decrease the date range to find more records. You can also use the Type field to filter to show only Cash Receipt or only Debit Journal Entry Lines.
  7. Check the records associated with this deposit and click the Associate Selected button.

 

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6 Comments

  • 0
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    Chad Meyer

    I'm not seeing the button referred to in Step 8: "Click the Create Reconciliation Reports button to review all uncleared deposits, cash receipts, cash disbursements and journal entry lines."

  • 0
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    Tony

    Chad,

    #8 is an error in the article. It apples to the bank rec. Thanks for pointing this out. I have corrected it.

    Sincerely,

    Tony

  • 0
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    Jeanae Remala

    Could you consider adding a "New Deposit" button to the "Manage Cash Receipts" screen so that you don't have to hit "Back" and then "Bank Deposits" and then "New" to do a new bank deposit.  With several ACH deposits arriving daily, these are posted as separate deposits to tie to the bank rec.  So there are lots of steps to record a series of bank deposits.  thanks!

  • 0
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    Ryan Faulkingham

    Hi Jeanae,

    From the bank deposit screen, you can click on the create new link and select bank deposit there. This will save you a couple of steps: 

  • 0
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    Tony

    This is a good suggestion Jeanae,

    We will add a New button to the view page like we do on cash applications. Thanks for the suggestion!

     

  • 0
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    Jeanae Remala

    Awesome.  Thanks a ton!!!

     

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