Undeposited Funds Receipting

If a customer transaction occurs without funds being immediately deposited to an existing bank account, the transaction receipt will be process and the funds will be allocated to an Undeposited Funds Account.

This process allows a customer’s payment to be accepted while simultaneously suspending the funds in this special Undeposited Funds Account. These receipts can then be grouped and processed through a bank at a later date.

How to Receipt to the Undeposited Funds Account

This process is identical to the standard receipting process (see Receipt a Customer Payment for more information), except for this first step, in which the Undeposited Account is selected from the drop-down menu highlighted in red below.

Multiple customers can be receipted to the Undeposited Funds account using the standard receipting process (Receipt a Customer Payment).

How to Deposit the Undeposited Funds to a Bank Account

For further information, refer to Add a Bank Deposit. 

1. From the Banking > Bank Deposits screen, select the Undeposited Funds Account and the Bank that will be receiving the deposit. 

2. Select the receipts that need to be deposited into the account, adding the receipt to the total amount that is being deposited: 

How to Locate a Bank Deposit Transaction

After a bank deposit is created, there may be a need to locate what bank deposit was used to deposit the receipt. Refer to Locate a Bank Deposit.