Payments Question

Receive payments - Enter the customer name

then

Deposit - Select the receipts to be deposited

Simple.

Best,

Peter

Thanks a lot for your response. What do I do for an existing customer who has a pending invoice?

Say Customer A has a balance of $100.00.

They give me a check for $100 on 09/12.

But I don't deposit to the bank until 09/17... is it marked as paid on the 12th still?

Why are you sitting on the check for 5 days?

I have a small business where clients either pay when service is rendered or I bill them and they pay within 10 days. I enter an invoice first, then receive the check and deposit it immediately.

Steve

Receive the check 9/12 posting ("depositing") it to the Undeposited Funds account. When you click on Make Deposits, you should get a window showing all pending checks in the Undeposited Funds account, select the checks for this deposit which will put them on the Deposit window, enter the deposit date & save.

Same reason as everyone else.

When a check comes in, it goes in the drawer. When the drawer gets full, you take 'em to the bank.

I generally enter checks as if I received them on the date they were written - that is, the date on the check. In addition I record the check number. This is helpful to the customer if there is any question about the check.

I show deposits on the day I make them.

The two transactions needn't be done simultaneously in any case. I sometimes record a receipt but don't get to the bank for a few days.

Best,

Peter