Deposits

Purpose

There are several ways to record deposits to GL accounts but the most efficient way in FA is through the GL payment system. Deposits from customers, miscellaneous sales, etc. can be entered here. The Quick Entries method is the fastest way to enter simple, reoccurring deposits.

• CASH Accounts should not be negative.

Procedure

• Set the Payer and Payee accounts
• Enter the Amount of Deposit
• Enter any notes in the Memo field.
• Click Add Item to confirm Deposit Entry
• Click Process Deposit to register the deposit entry

Tips and Tricks

• Always view your GL posting to make sure that your entry was posted to the right account(s).
• The amount is posted as a debit to the account that is set in Bank Accounts for the bank selected in the document.
• Use Customer Payment Entry if you want to reconcile the deposit with customer invoices.