Deposit Button

The Deposit Button is used to actually process the selected deposit.  When the deposit button is pressed, the system does the following.

•      The total amount of the batch in local currency is removed from the selected cash clearing account and deposited into the selected deposit account.

•      The AR Check Records in the Batch are updated with a unique deposit number.

•      An AR Summary Deposit Record is created in the Bank File to record the total amount of the deposit.  The Summary Deposit record in the Bank file has a reference number that is the same as the deposit number used to update the customer check records.

•      A deposit report is output showing the journal entry used to post the transaction and the deposit number assigned by the system.

•      The batch that was just deposited is cleared from the program.

More:

Imaging Button