Use this window to record money transactions that affect your company's checking accounts, credit card accounts, petty cash accounts and other cash accounts.
If you've recorded sales using the Sales Command Center, this window shouldn't be used for recording customer payments. To assign payments to sales, use the Sales Register window or the Receive Payments window. In the same way, if you've created a vendor debit recorded using the Purchases Command Center, in order to receive a vendor debit payment, use the Returns & Debits view of the Purchases Register window.
The Receive Money window gives you the choice of recording Receive Money transactions directly into an account or of grouping Receive Money transactions into the undeposited funds account. When you record a Receive Money transaction directly into an account, an individual cash-receipt transaction is recorded in the account for the transaction. The list in the Receive Money window displays all the checking accounts you've set up.
When you record a Receive Money transaction into the undeposited funds account, an individual cash-receipt transaction is recorded in the undeposited funds account -- not directly to your checking or credit card accounts. After you've grouped all of the Receive Money transactions you wish, you can then make a bank deposit that will include the group of Receive Money transactions you've selected.
Notes:
Which accounts can be selected for the Account field or the Deposit to Account field
You can subscribe to the MYOB Merchant Account Service to process credit card payments directly from AccountEdge
The `Edit Details' version of the transaction window is used to save recurring transaction details without recording a transaction