| Introduction for the A/R Bank Deposits |
The accounts receivable Bank Deposits section provides the ability to receive payments against outstanding invoice, Prepayments for orders and miscellaneous receipts that may be applied to a selected general ledger account.
To receive Cash Receipts that do not apply to a specific Customer account we suggest creating an "Other" Bank Deposit, within the system. This will allow user to select the desired GL account number and upon saving the "Other" Bank Deposit that amount is not populated to the AR Aging at all but will still increase your Bank Balance amount. For example: if it is a vendor refund, they can either credit AP, or Inventory (or Misc Receipts). If it is payment by an employee to reimburse for a purchase, they can credit the original account used for the purchase. To record a Bank Transfer see Article #3190 .
The system does NOT allow the user to enter in a positive amount against an existing Prepayment or Credit Memo.
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| Article ID: 4431 |
