Deposit

The Deposit form is the means by which you carry out the transfer of receipted payments to your bank. After a cash or cheque Receipt has been entered for a payment from a Customer, it is usually placed into a “cash on hand” account which will then be deposited into a bank or other account at a later stage using the Deposit form.

A Deposit transfers the entire amount of each Receipt specified from the account into which it was receipted into the account nominated on the Deposit form.

The account into which Receipts are deposited does not have to be a physical bank account.

You cannot specify the same Receipt more than once on the one Deposit.

You cannot specify a Receipt on a Deposit if that Receipt exists on another Deposit.

A Deposit is referenced throughout the system by its Deposit # .