$1200 Victorian Government rebate with approved Reckon software solutions. CLICK HERE FOR MORE INFO.

How do I record a deposit from a non customer?

KatKat Member Posts: 35
edited August 2019 in Reckon One
How do I record a deposit when it doesn't have a matching bill? Deposits from people other than customers

Comments

  • ZappyZappy Accredited Partner Posts: 4,471 ✭✭✭
    edited August 2019
    Use make deposits and deposit it to a liability account Deposits
  • QwertyQwerty Member Posts: 405
    edited March 2017
    Hi Kat, Kevins response relates to the Reckon Accounts product. Regarding Reckon One, the contact field in receipts and payments is a required field. In the scenario where a customer pays you a deposit (early payment) before you have issued an invoice to them. You would enter a credit receipt. Credit receipts can later be allocated to an invoice. Receipts require a customer contact. In the scenario where you pay a deposit (early payment) to a supplier before they have issued you a bill. You would enter a credit payment. Credit payments can later be allocated to a bill. Payments require a supplier contact. Contacts can be customer only, supplier only or both customer and supplier. The thread below has some more info on credit receipts https://community.reckon.com/reckon/topics/where-do-i-find-credits-in-reckon-one If this doesn't answer your question then perhaps you could explain your scenario in more detail.
  • ZappyZappy Accredited Partner Posts: 4,471 ✭✭✭
    edited August 2019
    Sorry. Now I feel like an idiot
  • KatKat Member Posts: 35
    edited December 2016
    That's ok Kevin...would have been awesome if there was a 'make deposits' button. I've come from Quickbooks and im used to it. Ok basically we have received a deposit of funds from a family member to help out in paying for invoices.
  • QwertyQwerty Member Posts: 405
    edited March 2017
    There are quite a few threads on the community that relate to the scenario of contributions to a business.

    This can be entered via a journal entry using an equity account & a bank account. However this is also an accounting related question & you should talk to your accountant.

    Here are a few related threads on this topic
    https://community.reckon.com/reckon/topics/how_do_i_enter_owners_contribution
    https://community.reckon.com/reckon/topics/transferred-money-from-personal-bank-account-to-pay-bill
    https://community.reckon.com/reckon/topics/entering-expenses-from-personal-account
    https://community.reckon.com/reckon/topics/owners_capital_investment_in_the_business
  • Sheri SandsSheri Sands Member Posts: 4
    edited January 2019
    how do I record a start up deposit from us into our business and account 

  • KatKat Member Posts: 35
    edited January 2019
    Make sure you have your chart of accounts set up accordingly and do it up as a journal. Out of 'personal' bank account and into 'business' bank account
  • Sheri SandsSheri Sands Member Posts: 4
    edited January 2019
    our personal account isn't listed in chart of accounts  ??

  • KatKat Member Posts: 35
    edited January 2019
    add it in

    we made up one under equity and just called it drawings

    i suggest u speak to your accountant/bookkeeper though...i'm not qualified...im just going on how ours was set up which your query sounded similar to our start up
  • Sheri SandsSheri Sands Member Posts: 4
    edited January 2019
    ahh yes my brother in law is an accountant and I remember him saying that , we are only 6 weeks in and im backtracking trying to get everything in there and im new to Reckon -
    when I go to journal entries there isnt a to and from row ?

  • ZappyZappy Accredited Partner Posts: 4,471 ✭✭✭
    edited August 2019
    Can your brother in law help you?
  • Sheri SandsSheri Sands Member Posts: 4
    edited January 2019
    unfortunately he wasn't home when I was trying to do it earlier 
  • ZappyZappy Accredited Partner Posts: 4,471 ✭✭✭
    edited January 2019
    And it coukdnt have waited?
Sign In or Register to comment.