Deposit Checks from multiple Payees

Why would they want to?

Ease of use from a bookkeeping point of view - see Laura's 858 AM post - I've never seen an FI take a deposit that lists multiple checks and enter each one separately - that's why I was curious when I asked originally "You mean you don't have the choice of writing a single deposit ticket with 2 transactions included and one sum vs. two separate transactions??"

I'm shocked (shocked, I say!) to hear that - but as you pointed out, you aren't using banks, but rather brokerage houses and indeed perhaps they do it differently in those locations. I have no doubt as to what you say, but it seems pretty bizarre to me. At least, I'm not used to it. Peace out!

Listing individually is actually easier, think about it for awhile...

On a personal deposit I can see the benefits of having the checks posted to the bank as individual entries. There have been many times when I wished they were separate deposits.

But here is an example where you would NOT want them to show up as individual transactions on the bank account:

You are a retail outfit.You get numerous checks each day. You are a cash basis so no customer accounts exist. The POS system gives the bookkeeper a total dollar amount that reflects the amount of cash and checks deposited that day. To have that deposit be shown on the bank statement as 10+ checks while the bookkeeper has recorded 1 number into the accounting system would make the bank rec process very difficult. It is bad enough that you have up to 4 transactions per day to reconcile (cash/checks, Debit/MC/Visa, Amex and Discover all posted separately). Blow that up by the number of checks received each day and it would cause a major nightmare to a bookkeeper.

You didn't think about it, I see...