Use of Deposit slip

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Dear all,

Does anyone could help to explain Deposit slip function in D365 by some example? And what is the difference between Deposit slip function and normal Payment process?

Thank in advance,

Best regards,

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Brandon Wiese 17,788 on at

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RE: Use of Deposit slip

Deposit slips are intended for use with Customer payment journals. Once customer payments are entered and settled against invoices, the customer payment journal is posted. Under standard functionality, each customer payment voucher offsets a bank account and creates its own bank transaction. Using the deposit slip functionality, all of those bank transactions are consolidated into a bank deposit document, and converted into a single bank transaction for the same amount as the sum of all of the replaced transactions. This makes the bank reconciliation process easier because typically a single deposit transaction occurs at the bank (for the amount of the full deposit), which is more easily matched to a single bank account transaction in AX for the same amount.

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MahmoudHakim 110 on at

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RE: Use of Deposit slip

hi Thu

you can watch this video

www.youtube.com/watch

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Community Member on at

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RE: Use of Deposit slip

Hi Sukrut Parab ,

Thank you,

As my understanding, when using the deposit slip, the cash on bank account (in Bank that the company associated with) is not actually credited or debited. When the payment or remittance is officially transferred from bank then there is not thing to do with the transaction on AX, in case the deposit is lost or cancelled, we will go in to AX and cancel this deposit and the reversed transaction is automatically posted?

Please let me know whether my understanding is correct or not.

Best regards,

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