Posting the Deposit Entries

Posting will calculate the Net Transaction amount for deposits and add it to, or subtracting it from, any amount already in the Net Transaction column of the GL Account for the month of the entry.

Transactions can only be Posted one time - the program will not allow double posting. You have the option to view all unposted deposits before posting. To view all unposted deposits held in the Deposit Journal select;

• Banking -> Deposit Journal -> Post Deposit Journal to Ledger -> View Unposted Deposits

When you originally entered the deposit you credited it to some account. You also selected a bank account from which the batch of deposits was drawn. Both the individual account(s) and the bank account will be automatically updated with the Net Transaction amount. In the case of the bank account the Net Transaction amount added to the balance for each month is the sum of all deposits drawn from that account for the month. For each individual account you entered in the Deposit Entry Window that account will show the net total of Line Items for that account.

To Post deposits select;

• Banking -> Deposit Journal -> Post Deposit Journal to Ledger -> Post Deposits

You will again be asked for the Bank Account to Post and the month to Post. This gives you an opportunity to Post each month whenever you want without Posting other deposits in the batch which belong to a different month. This allows greater (timing) control over when you record items. You may, of course, Post any month at any time.