How do I allocate a batch bank deposit for cash payments for multiple invoices and customers in Reck
Comments
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Hi Nicky
short version - you can't - Reckon one will only allow you to apply one payment to one invoice or enter monies received direct into an income account.
see link:
https://community.reckon.com/reckon/topics/how-to-allocate-payment-into-two-seperate-client-invoices...
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Hello, just wondering if this has changed by any chance, being that it's now 3 years since this post? Has Reckon One updated this?3
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I have this same question!
What is the work around?
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Hi
You still can't, you can apply a payment to multiple invoices if all under the same customer name only, this is the same with a lot of accounting systems including MYOB, Reckon hosted you can only do this if they are a customer or job of that customer (sub-customer).
You need to set up a bank account called "undeposited funds", when receipting the individual payments from different customers (class members) receipt it to undeposited funds, then do a transfer from undeposited funds to the main bank account that equals the full amount of the banked deposit.
This account should always be reconciled back to nil.
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Still no solution to this problem?
Surely a batch deposit should be able to be recorded correctly and easily?
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Hi Peter
Still the same, need to use undeposited funds bank acct. and when the bulk deposit comes through the bank feed, set up a rule to transfer it to undeposited funds, then reconcile back to nil.
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