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In GP our current system, we import from our database all transactions for a specified time period which inputs the GL for the cash account. Then we would do a deposit without receipts to check n the bank rec. I cannot find anything that shows me how to input a deposait without a receipt in365. Any direction would be greatly appreciated. .
Can you pls explain using some example?
We are currently in GP and are transitioning to 365. Currently all transactions are completed in our database outside our accounting system. We then do a journal entry of the accounting summary for a time period Which enters the GL for cash. Then do deposits without receipts to enter the transactions for the Bank. The transaction is not directly linked to a customer as it is a mass entry. SO the deposit linked to the customer doesn't work for the situation. I tried using to a GL and that causes out of balance as the GL is already entered in the accounting summary entry. SO say the accounting summary is copied over and it hits all the sales accounts and such. including the lines for the cash account and receivables. Cash totaling $98204.18. I would then, in our current system simple enter a deposit without receipts, one for checks for $90381.11 and one for credit cards for $7823.07. these then show on the bank and the GL all done. In 365 I have found how to do the journal entry no problem. However there is not an options to do a deposit without it hitting something else?
You need to enter a General journal with Account type = Bank and offset account = Ledger. Make the offset account = the ledger account associated with the bank account. The result will be a debit & credit to the same ledger account, creating the bank transaction with no GL impact.
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