To receive money using the Bank Register

The Bank Register window should be displayed. (To find the Bank Register window)

The Bank Register offers a streamlined method for recording cash receipts using any account with checking or credit card privileges. This window should not be used to close invoices recorded in the Sales Command Center, however; use the Receive Payments window or the Sales Register for those transactions.

If you need greater control over how the transaction is entered, click the Split button to display the Receive Money window, where a more detailed entry can be made. If this payment is to be made in a foreign currency, you must use the Receive Money window for this transaction.

1. Select the bank account where the receipt will be deposited, or select the Undeposited Funds account if you want to make a deposit later.
2. In the Type field, select Receive Money if the bank account you selected is an asset account (checking account) or Enter Credit if the account is a liability account (credit card account).
3. Review the transaction date and change it if necessary.
4. Using the Card field, select the payor's card, or enter the payor's name in the Name field if you don't have a card for the person.
5. Enter the amount received.
6. Enter the account, such as Miscellaneous Income, used to track this kind of income. (If you require more than one allocation account, click the Split button and continue entering this transaction in the Receive Money window.)
7. Enter a short, descriptive comment in the Memo field if you like. This information will appear on a number of reports.
8. Click Record.