Bank Deposits

Purpose

The purpose of the Bank Deposit transaction is to take the cash receipts that you have received through Customer Payments or Miscellaneous Cash Receipts and deposit them into a specific bank account, thus increasing the value of the associated cash account.

Selecting Receipts to Deposit

1. In the main menu, click the "New" button to begin a new deposit.
2. From the drop-down, select the bank account into which you intend to deposit these funds.
   1. Note: If you have selected a default Bank in the Bank Maintenance area, then the Bank value will already be populated with the default.  You can select a different bank from the drop down, if applicable.
3. Enter the Date of this deposit.
   1. Note: This value will be defaulted to today's date, but can be modified if necessary.
4. Select receipts to be included in this deposit from the list by clicking the check-box to the left of the transaction.
   1. Note: Sort items by Date to be sure that all receipts for the deposit period are included.
5. When all receipts have been selected, go to "Actions" in the toolbar above. Select either "Post This Deposit" or "Post this Deposit to Another Period".
6. You will receive a message that "The post completed successfully." Click the OK.
7. This transaction is now complete. You can exit the screen, or start over at step 1 to process another deposit.

Related Reports

Bank Deposit by Day

1. In the standard Acclamare Report Viewer folder, locate the Bank Deposit by Day report.
2. Select the date of the deposit that was posted then click on "View Report" to generate the detailed list of receipts for this deposit.
3. Print or Export the report, which will go to the Bank with the checks for the selected period. Suggested procedure is that the Deposit is done at the end of each week and a partial at month end as needed.

Bank Deposit Distribution Report

1. In the standard Acclamare Report Viewer folder, locate the Bank Deposit Distribution report.
2. Select the date of the deposit that was posted then click on "View Report" to generate the G/L Distribution Report for this Deposit.
3. Print or Export the report, which will be filed with the Bank Deposit by Day Report and Daily Customer Payment Distributions or other Miscellaneous Deposit Details.