Procedure for performing a bank deposit.
E-TS: All versions
You will sometimes receive payments from customers by cash or cheque. When you come to deposit this money into the business bank account you need to record this as a bank deposit in E-TS.
Prior to performing a banking, you should cash up tills and outlets to consolidate any collected cash and cheque into one outlet from which the banking will be created.
It is crucial to record bank deposits in E-TS as it helps you to easily match up with the bank statements and ensure the deposit amounts are correct and can be tracked quickly if there is a deviation.
Financialdrop-down menu choose
Banking Historywindow is shown.
Outletfor the banking, then click the
Bankingwindow is shown.
Cash Depositedfield, enter the cash amount that you are to deposit into the bank account.
Cash Shortagefield, enter the shortfall (if any) you have found (the physical counted cash amount is less than the cash sales amount recorded in E-TS).
A cheque item shows up automatically on the Cheque List whenever a cheque payment is added to the client invoice.
Post & Printor
All recorded cash & cheque amounts in this banking should now be sent to the bank and deposited into your business bank account.