Bank charges, and interest received, may be posted more easily with this option. The system will automatically apply the funds to the proper G/L accounts, and adjust the balances accordingly
To post charges and/ or interest, select the Deposits / Charges option from the Bank menu. When the window appears, post information in the appropriate fields. Select the Save button to save the data.
Deposits/ Charges
To make a deposit, select the Bank menu, and then the Deposits/Charges option.
When making a deposit, or charge, to the bank, the system will first need to know the account to which the money is to be deposited. You may use the down area to the right of the bank code field to look up the proper account if desired.
Once an account is selected, and displayed, you may enter the total amount of the deposit, or charge. Enter it from the deposit slip you have completed. Then enter the deposit slip number, and the source of income if desired. The system needs the date. The current date is shown, and may be accepted, or a new date may be entered. The system will show the default General Ledger account numbers, and you have the option of accepting them, or changing them to other values.
The G/L system tests to see if the number you entered is a valid account and if it is appropriate for that use. If there is no account number that matches, or if you select a Debit account for a Credit entry ( or the opposite ), the system will pop up the chart of accounts. You may select any account ( it will permit posting credits to a debit account and the reverse ) at this point.
Once you press the Save button, the system will apply the depost or charge to the bank account, and adjust the totals accordingly.