1. Navigate to Transactions> Customers> Refund Cash Sale> List> View a specific Cash Refund that hasn’t been deposited. Notice a field “Create Check= No” 2. Open Deposit transactions and view all the transactions included to check if the Cash Refund was included or 3. Once a Cash Refund has been deposited, notice the ‘Create Check’ field, it will now read as “No Deposit#”, which is… Continue reading How to know if a Cash Refund originally posted to Un-deposited Funds has already been Deposited.
Tag: Deposit
Unrealized Gain or loss in Deposit
Unrealized Gain or loss in Deposit
PART 3.4 – Bank Transaction GL Impact
Bank deposits are when the payment received from the customer is deposited into a bank account. This will increase the bank’s funds and decrease the undeposited fund accounts. Writing checks occurs when businesses issue checks as payment for items they purchase or any type of payables. The GL impact will show a decrease in the amount of… Continue reading PART 3.4 – Bank Transaction GL Impact
Apply a Deposit to Multiple Customers’ Invoices.
When Accepting Customer Payments/Deposits and applying them to Invoices it is required to select one customer in the Customer field. So to be able to record a Deposit and Apply it to Different Customers Invoices first create a Journal Entry and then individually apply the Journals Entry to the individual Invoices. Journal Entry: 1. Navigate to Transactions > Financial > Make Journal Entries 2. In the Line tab:… Continue reading Apply a Deposit to Multiple Customers’ Invoices.