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Cash receipts journal10/13/2023 Otherwise, each line is posted as an individual entry. That is, as a total of all the amounts on the deposit lines. You should also specify whether to post bank deposit amounts as a lump sum. You must have a number series and general journal template ready. There are a few things to set up before you can use bank deposits. The report also shows the total posted deposit amount to reconcile. The Bank Deposit report displays customer and vendor deposits with the original deposit amount, the amount of the deposit that remains open, and the amount applied. Posted deposits are stored for future reference on the Posted Bank Deposits page. These ledgers include the general ledger, and the bank, customer, and vendor ledgers. Posting will update the relevant ledgers. The total of the amounts on the lines must add up to the total amount of the deposit.Īfter you fill in the deposit information and lines, you must post it. Cash refunds from vendors, or cash payments to them.īank deposit lines contain information about individual deposits, such as checks from customers.Sales, using a G/L account for revenue.The Bank Deposits page is available on the Cash Management menu on the Business Manager Role Center, and other Role Centers that deal with cash management.Īmounts on bank deposits can come from several sources: Typically, bank deposits are used to register cash deposits. Use the Bank Deposits page to register deposits as a single document that posts one or more entries to a bank account. To start using the new features described in this article, your administrator can go to the Feature Management page and turn on Feature Update: Standardized bank reconciliation and deposits. You can continue, but the new capabilities will replace the old ones in a future release. If you were using Business Central in the United States, Canada, or Mexico before that release, you might be using the earlier capabilities. The ability to create bank deposits is new in Business Central 2022 release wave 1 for a lot of country/region versions.
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