undeposited funds

davidsmith
davidsmith Member Posts: 7 Novice Member Novice Member

90% of my income is cash and deposited daily.

When entering the deposit as a cash receipt (which is after the deposit) is there a way of crediting direct to the various income accounts avoiding the need for the second entry transferring the amounts from undeposited funds to income accounts, I ask as it seems to me that the money is never undeposited,

Answers

  • GerryWinter
    GerryWinter Accredited Partner Posts: 1,558 Accredited Partner Accredited Partner

    You need to call and we can discuss your particular situation

    Gerry id 6376

    Gerhard Winter

    Ph. 0418907140

    Reckon Store Next Door

    "Always at your Service"

    Email: gwinter0808@gmail.com

  • Zappy
    Zappy Accredited Partner Posts: 5,236 Accredited Partner Accredited Partner
    edited April 2022

    You can add an item on the next line which is a minus and attach it direct to the bank account. Call the item cash.

    Let me know if this is unclear

    0407744914