Make Deposits Window - In Accounts Hosted

DeeBee

Hi all

I am only new here and wanting to know how I go about making a deposit. In the "received from" field as its from income from the day "though eftpos transactions" it isn't a specific customer. Should I create "add new" and select customer/other & create something that says "Income"?

Sorry if it sounds silly

Thank you

Acctd4

Hi DeeBee

It's very important that all of your Sales are entered either on a Tax Invoice (with payment entered via "Receive Payment") or a Sales Receipt.  This is because these transactions need a tax code (eg "GST") which flows through to the tax/BAS reports in the software.

The "Make Deposit" window is mainly for deposits of non-taxable income (eg Owner funds, certain govt payments/subsidies etc) or payments banked later after initial receipt (eg cash, cheques) 

I'd recommend having some customised 1-on-1 training as this will ensure your entries are correct & will also help you get the most out of the program 😊