Effect on the Bank Balance

                     

The following table illustrates the effect a transaction can have on the current bank balance when entered in Check, Deposit and Adjustment Entry. The Current Bank Balance field is increased or decreased based on the selected adjustment type.

 

Transaction Type

Enter as ...

Effect on Current Bank Balance

Deposit

Positive value

Increases bank balance

Withdrawal

Positive value

Decreases bank balance

Adjustment

Positive value

Decreases bank balance

Adjustment

Negative value

Increases bank balance

  Bank Charges

Positive value

Decreases bank balance

NSF

Positive value

Decreases bank balance

Interest Earned

Positive value

Increases bank balance

Checks

Positive value

Decreases bank balance