Using Bank Deposits for Lot Installments

Create the Bank Deposit

You must create a Bank Deposit before pushing a Lot Installment to Bank Deposits.

• Search “Bank Deposits” and open the page.
• Click on the Ribbon Button “+ New”.
• Click off the No. field (click on a different field) and the system will create a Bank Deposit with the next available number.

Note

• There will be nothing in the lines, the Lot Installments will be added automatically when you push them to the Bank Deposit.
• If you had a Balance Account No., it will be added, if not, choose the bank you want from the list.

Push the Lot Installment to the Bank Deposit

• Search Lot, then open Lot Installments and click on the Ribbon Button “Add to Bank Deposit.”
• The system will open a dialogue box with some information already filled in as shown.

Note

• Change the Bank Deposit if you have more than one open and want to process against a different one than that shown.
• The “Deposit Posting Date” is taken from the Bank Deposit. To change it, open the original Bank Deposit (you cannot change it from here.)

• Add other installments until you have finished. Then return to the Bank Deposit:

Finalize and Post the Bank Deposit

• Enter the “Total Deposit Amount” (a total of the lines) so that the “Difference” field shows 0.
• Confirm the values and click on the Ribbon Button – Posting – Post.

Note

Click on the link for details regarding a related topic: Cash Receipt Journals

Finding the Bank Deposit after Posting

• You can review your results either directly.
  • Search: Posted Bank Deposits or
  • Search: Lot Installments Page.
• Once posted, you will see the Posted Boolean flag is checked.
• Click on the Ribbon Button Relate, then select “Posted Bank Deposits” and you will see your posted bank deposit list.