The banking journal

Summary

This article best describes how journal takings into the bank.

More Information

The best method to do this particular journal is to use Cash Book Entries.

Go to "Nominal Ledger" -> "Journal Entries" -> "Cash Book Entry".

• Enter the your bank centre into "Centre:" and press <Enter>.
• The "Money In/Out:" should be set to 'I'.
• Enter the date you are paying the money in into the "Date:".
• Enter the centre to take the money out of e.g. for cash banked enter 'Z900' for cheques banked 'Z901'.
• Enter the amount banked for each centre into the "Amount:".
• In the comment, enter the paying in slip reference number and the word "CASH" or "CHEQUES".
• Press <Esc> and <Accept>.
• 'Z902' Credit Card takings should be posted into the bank using the bank statement.

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Keywords AND Misspellings

Month, end, journals, accounting, vat, audits, daybook, bank