How do I record a deposit from a non customer?

Kat

How do I record a deposit when it doesn't have a matching bill? Deposits from people other than customers

Zappy

Use make deposits and deposit it to a liability account Deposits

Qwerty

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.

Zappy

Sorry. Now I feel like an idiot

Kat

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.

Qwerty

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 Sands

how do I record a start up deposit from us into our business and account 

Kat

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 Sands

our personal account isn't listed in chart of accounts  ??

Kat

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 Sands

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 ?

Zappy

Can your brother in law help you?

Sheri Sands

unfortunately he wasn't home when I was trying to do it earlier 

Zappy

And it coukdnt have waited?