Applying Miscellaneous Deposits

Use this procedure to apply miscellaneous deposits in Accounts Receivable.

Preparation:

You will need the following information to post each entry:

General Ledger Cash Account Number

Deposit Date

Payment Type

Payment Amount

Miscellaneous Deposit Name

GL Reference

Notes (Optional)

GL Distribution information

How to apply miscellaneous deposits:

  1. On the WinTeam Main Menu, click Accounts Receivable, and then click Payments.
  2. On the GL Cash Account field, type or select the account where the you will post the payments. For more information on GL Cash Accounts, see Learning about Default Cash Accounts.
  3. In the Deposit Date field, type the date when the payment will be deposited.
  4. In the Payment Amount field, type the amount of the payment.
  5. In the Payment Type field, type or select Miscellaneous Deposits.
  6. In the Miscellaneous Deposit Name field, type the name of the company you received the payment from.
  7. In the GL Reference field, type the reason for receiving the payment (i.e. insurance claim, rebate, etc.).
  8. In the Notes field, enter any notes pertaining to this miscellaneous deposit.
  9. In the General Ledger Distribution section, select the general ledger account number you want to distribute the deposit to and the applicable Job Number.

Note:  If you select a General Ledger Account Number that is set up as a "Balance Sheet" account number, the word NONE displays in the Job Number field and the cursor moves to the Amount field.

  1. In the Amount field, type in the payment amount.

Note:  When entering distribution amounts, you may press the <spacebar>, then press Enter to pull in the value displayed in the Payment Amount field

  1. Once the Payment Amount and the GL Distribution balance, click Save.