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Functions:
Customers
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| To do these business operations... | Use these functions |
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Your counter sales have been
entered as invoices. Now you're ready to deposit the customer receipts.
The cash receipts control account was debited for cash sales when you recorded cash and check counter sale invoices. The credit card account was debited when you recorded credit card counter sale invoices. When you deposit these receipts, you will want to credit these accounts. The deposit will debit the deposit bank account for the receipt total. Now create a cash receipts journal for depositing the payments that you entered when you entered the invoices. Name the journal "Counter Invoice Receipts" (for example.) Select CJCR for the source code.At Columns allowed, select "Credit" and select the credit card account for each credit card. These are the accounts that were automatically posted when you entered credit card payments with the invoice. At Columns allowed, select "Credit" and select the cash receipts control account. This is the account to which cash and check payments were automatically posted when you entered cash and check payments with the invoices. |
Bank Accounts
Configure Cash Receipts Journal |
| Start a new batch in the Deposits window when you're ready to enter a deposit consisting of mixed cash and credit card receipts from your cash register. At Receipt type, select "Counter Invoice Receipts" (or whatever you named the counter sales journal). At Receipt amount, enter the total amount of receipts to be deposited in the bank (INCLUDING the credit card receipts). At each credit card prompt, enter the total receipts for the credit card. At the cash receipts prompt, enter the total amount of cash and check payments. The Undistributed amount should be $0.00. Enter an optional Description, click OK, and save the batch. When you've completed data entry for the batch, post the batch. |
Bank Accounts
Deposits |