How to Make a Bank Deposit
Make a Bank Deposit
If you wish to deposit money into a company bank account that was received as payment against an invoice, use Make a Bank Deposit.
You'll need to Receive Customer Payment before depositing it into an account. The payment would have to be registered without a bank ("deposit later") and would therefore be in "undeposited funds".
New Sales Receipt
Use New Sales Receipt to receive other payments into your bank account such as:
- Receive a down-payment from a customer before invoicing them (prepaid income)
- Receive a customer payment that covers varios invoices (unallocated invoice payment)
New Accounting Receipt
Use New Accounting Receipt to receive other payments into your bank account such as:
- Receiving a refund from a vendor. (vendor credit memo)
- Receiving a VAT refund
- Receiving a loan payment
- Receiving a refund of an employee advance
Please note that you can use the "loan payment" template also for all other kinds of accounting receipts. You get money and link this inflow to an accounting account and your bank.