Depositing money into a receiving bank
is the first step in performing a bank transfer.
Before
You Begin
To deposit the money into a receiving bank
-
Select Accounts Receivable
Main menu > Cash Receipts
Entry. If you have batch processing enabled, the Cash
Receipts Entry Batch window appears. Enter the batch number
and click Accept.
-
In the Cash
Receipts Deposit window, enter the deposit number, description,
bank code, deposit date, and cash deposit.
For more information, see Cash
Receipts Deposit – Fields.
Note The
Cash Deposit Amount field is available only if the Require Deposit
Amount check box is selected in Accounts
Receivable Options.
-
Click Accept.
-
In Cash Receipts Entry, enter
the default "cash" customer to post the transfer to.
For more information, see Cash Receipts
Entry – Fields.
-
In the Deposit Type field,
select Cash.
-
In the Check No. field, enter
a check number for the deposit transfer.
-
In the Amount Received field,
enter the amount of the deposit transfer.
-
Click the Lines tab.
-
In the G/L Account field,
enter the clearing account established in the general ledger.
The amount posted defaults to the amount of the transfer.
-
Click OK. Accept the entry.
-
Print and update the Cash
Receipts Journal and Daily
Transaction Register.
The transfer debits the bank account and credits
the clearing account.
