Enter a Quick Deposit

A Quick Deposit transaction is either recorded directly into an account or grouped with other Quick Deposit transactions into the undeposited funds account.

How to Enter a Quick Deposit

1. Navigate to Banking > Quick Deposit in the main menu.

2. In the Quick Deposit window select the account that you wish to receive the money into from the list of available bank accounts (e.g. an Undeposited Funds account).

3. Enter the Date, Amount, Reference, Description, Customer, Currency and Method of Payment.

Note: If the deposit is being entered into a foreign currency bank account, the local currency value is calculated from the foreign amount and exchange rate.

4. Add the items received by clicking the Add button at the bottom of the window.

5. Select from the chart of accounts and click OK.

6. Enter the value of the item. The Tax code for the account is automatically set from the chart of accounts however this can be changed to suit. Values can be entered inclusive or exclusive of Tax by selecting or unselecting the Enter Values Inclusive of Tax. The Balance field displays the remaining amount to be allocated.

7. Once all items are entered select Post to create the journal. You have the choice to post and update the journal at the same time.

7a. If this is to be a recurring transaction click the Save Recurring.  The transaction is saved as a template which can be viewed and used again by clicking the Use Recurring button.