Banking > Preparing a bank deposit
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Glossary Index
Preparing a bank deposit
When you receive payments that you want to deposit in a batch (such as credit card, cash and cheque payments), you need to post the payments to a temporary holding account until you create a bank deposit. This holding account is known as an Undeposited Funds account.
You can post a customer payment to the Undeposited Funds account by selecting the Group with Undeposited Funds option in the Receive Money window or Receive Payments window when recording a payment.
When you make bank deposit in a batch, funds are transferred from the Undeposited Funds account to the account of your choice as a single transaction.
To prepare a bank deposit
Related Topics
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Receiving money
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Receiving payments

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