Creating Cash and Cheques to be deposited Account

SUGGESTED

Hi all,

I would like some help to create an account where I can deposit my cheques and cash until i go to the bank.  I want to be able to create a receipt once i get the cheque or cash but since its not in the bank yet, i dont want it to go in my bank account as I will not be able to create a deposit slip once i go to the bank. I always have big amounts to deposit so when i do my bank rec, its a real pain to add each and every cheques to make sure the amount is the same as what the bank statement tells me.  I'm just a little scared to link the account wrong and cause a nightmare after.

Parents
  • 0
    SUGGESTED

    The Cash and Cheques account created by default is not a linked account:

    The settings in the sample company are:

    Account tab:

    (x) Subgroup Account

    GIFI Code 1001

    Class Options tab:

    Account class: Cash

    I know I said it isn't a linked account, but if you like, under:

    Setup | Settings | Customers and Sales | Linked Accounts | Default bank account(s)

    If you receive mostly cash and cheques, select the Cash and Cheques On Hand account as the bank account to use for receipts from sales.

    You can change this at the time of receiving cash from a sale, but it's easiest to have the default set to the one you use most.

  • 0 in reply to RandyW

    ok so I finally got to setup this cheque/cash to be deposited account and i created my receipt using that account.  Now lets say i want to go to the bank, how do i transfer from that account to the bank now???? I went in the create deposit slip but that doesnt do the trick as it wants to create a slip for this new account.. :( im confused

Reply
  • 0 in reply to RandyW

    ok so I finally got to setup this cheque/cash to be deposited account and i created my receipt using that account.  Now lets say i want to go to the bank, how do i transfer from that account to the bank now???? I went in the create deposit slip but that doesnt do the trick as it wants to create a slip for this new account.. :( im confused

Children
  • 0 in reply to LaChapa

    when you create a deposit slip,

    the 'account' is where you will be depositing the funds - the bank account

    then click 'select', and the 'from account' is your 'cheques/cash to be deposited' account

    select cheques in the top window, and 'add' them to the button window (cheques on deposit slip)

    the 'account' on the first screen is misleading, years ago I submitted feedback to clarify the label but....

  • 0 in reply to Roger L

    thank you so much!!! I will try this out ... so you would suggest that I create the deposit slip, print it, go to the bank, do the deposit, come back, make sure its matching then and only then post the deposit slip....??