We often get payments for AR invoices as well as items that we don't set up AR invoices for, like interest or rebates. We currently have to process two deposits with our bank, so the bank rec is cleaner. It would be nice to be able to include these in the same deposit.
by: Lindsay S. | over a year ago | Accounts Receivable
Comments
This would save so much time on deposits!
Here's a workaround that we use so that the deposit total equals our bank rec. We created a Cash Account called Undeposited Funds. All deposits containing more than 1 item are received in this account, then we do a recurring G/L entry to move the funds from that account & into the checking account. I use the same deposit number for every transaction in the batch & then print a report by deposit number that lists all items in the deposit. Hope it helps.