The banking journal

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Summary

This article describes how to journal takings into the bank.

  • Cash and cheque receipts should be journalled into the bank when you are filling in the paying in book.
  • Credit Card takings should be posted into the bank using either the bank statement or the Z-read from the credit card machine. Decide which one you are going to use and stick to it.

More Information

Go to " Nominal Ledger Journal Entries".

  • At "Entry mode", choose 'Cashbook'.
  • The "Money in/out:" should be set to 'In'.
  • Enter your bank nominal code into "Centre" on the highlighted line on the list.
  • On the next line:
    • In the "Centre" column, enter the centre to take the money from, e.g. for cash banked, type 'Z900'; for cheques banked, type 'Z901'; for credit card receipts, type 'Z902'.
    • In the "Date" column, enter the date you are paying in the money.
    • In the "Credit" column, enter the amount banked for each centre.
    • In the "Comment" column, enter the paying-in slip reference number and the word "CASH" or "CHEQUES", or the date that the credit card receipts were actually taken.
  • Press <Esc> and <Accept> to post the journal.

See also


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Keywords AND Misspellings
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