Currently an AR Reciept batch transfers to bank as one deposit although it contains different payment types. Since credit card deposits do not necessarily clear on the same day as a cash deposit it makes it difficult to clear the batches when doing bank reconciliations. If the batch transferred to bank by payment type it would be much easier to match the totals to the amounts clearing in the bank. Each payment type should show as a separate deposit.

by: Sylvia B. | over a year ago | Financial Management