cheque deposits

Karima HussainzadaKarima Hussainzada Member Posts: 2
edited December 2018 in Reckon One
The cheque that we receive from our customer, if we deposits the cheque to our bank a/c then what will be its journal entry?? The Bank A/c ... Dr Cash A/c .....Cr or Cheque A/c ...... Cr ????

Comments

  • ToniToni Member Posts: 147
    edited December 2018
    Set the customer up in your "Contacts" and then you can apply the payment to that particular customer ,  (you shouldn't have to do a jnl entry at all) Select as below: 
    1. Day to day
    2. Receive Money
    3. Enter Contact name, etc
    Select which ever bank account you are physically going to bank the cheque into.

    Hope this helps :-)
  • Karima HussainzadaKarima Hussainzada Member Posts: 2
    edited September 2018
    when I am reconciling the bank statement cheque deposit is in credit column in the bank statement 
    Just wondering how to enter that cheque deposit 
  • ToniToni Member Posts: 147
    edited December 2018
    The journal entry that would be created would be : Credit - Sales - Dr Bank - this will then show in your bank rec as a Chq Deposit.

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