Add Deposits

When you add a deposit, you can also add an unlimited number of payments for it.

1. From the list of deposits, select Add.

2. Select the subledger for the deposit, Cash receipt or Receivables.

3. Enter general information about the deposit, such as the bank account, deposit ID, and the description.

   • Post date - You must enter the same post date for the deposit and all of its payments.

   • Post status - The post status for a deposit controls the post status for its payments. For example, the post status you select for the deposit defaults to its payments. When you post the deposit, the post status also updates for payments.

   • Projected amount and Projected number of transactions - Enter the total amount and number of transactions you expect to receive for the deposit.

4. Under Payment defaults, enter default info for new payments you associate with the deposit, including the payment date, amount, and payment method.

5. Under Misc payment defaults, enter misc payment defaults, such as category and amount, for split payments you associate with the deposit.

   Note: Misc payment defaults only displays for deposits in Receivables.

6. Save the deposit.

   For details about adding cash receipt payments for the deposit, see Add Payments.

   Tip: You post the payments for a deposit, but not the deposit itself. After you include all payments for the deposit, go to General ledger, Post subledgers to post the payments. After all payments in the deposit post, the deposit's post status updates to Posted. For more information, see Post payments for a deposit.