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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Investment in Business
Microsoft Dynamics GP (Archived)

Investment in Business

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Posted on by Community Member

Let’s say a friend wants to invest in my business.  So he writes me a check for $100.  I do an Increase Adjustment, select a checkbook, the cash account linked will be debited and I select say a capitol stock account to be credited.  I post.  Everything looks good. Checkbook is updated, cash account is debited and stock account is credited.  However no deposit is created.  Now, I have to deposit this check so it will show on the bank statement but this check is not showing as a deposit to be checked off and cleared. This can cause an issue, someone can spend time looking into why there is a deposit on the bank statement and not in GP.  Is there a better way to record an investment into the business?  Is there a way to reconcile this?  Thanks

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  • Suggested answer
    Heather Roggeveen Profile Picture
    Heather Roggeveen 9,144 on at
    RE: Investment in Business

    You can still use the Bank Transaction Entry window - change the Option from Enter Transaction to Enter Receipt.  That transaction will then appear in your Bank Deposit Entry window so the payment can be "remitted" to the bank.  In a physical sense, it means that you can combine the $100 payment with other debtor payments received that day and deposit the total to the bank on one bank lodgement.

  • Community Member Profile Picture
    Community Member on at
    RE: Investment in Business

    An Increase Adjustment is done via a Bank Transaction Entry.  The only issue was a Increase Adj. does not create a deposit. So I found a better way.  I just create a RM Entry for misc. amount  with a check amount which records the investors check number, this creates a deposit and just change the distributions to whatever I need – debit cash, credit capitol stock or whatever.  Just make sure the dist. Types are correct, Sales is not affected, there is an audit trail, everything looks good.

  • Suggested answer
    sueconrod Profile Picture
    sueconrod 335 on at
    RE: Investment in Business

    Instead made sure that all transactions that don't go thru the sub-ledger go into Bank Transaction Entry.  It will record to the right checkbook and you can do the entry to the GL.  This way you also have to create the deposit.

    Bank Transaction Entry has the fields you need for Date, Paid to/Received from and a description.  And you can enter in as receipt and then fill in the account information.

    I used to have all my clients doing this, nothing that effects the bank should be going thru just the GL but thru the sub-ledger or thru Banking.

    Sue

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