Creating Customer Deposit Transactions

The Accounts Receivable and the POS (Point of Sale) systems both create AR Check records for each payment received from a customer.  The AR Check records are posted to clearing accounts, and they summarized in batches by the system.  The deposit batches are then verified and “deposited” using the Deposit Management program in the Accounts Receivable System.

The Deposit Management program is used to a create summary deposit (Source SD) bank record for the total of the batch being processed, and to move the amount of the batch from the selected Cash Clearing account to the Bank Account that the deposit is being made to.


Clearing Local Currency Bank Transactions