Receiving money in the Bank Register

Receive Money Overview > Receiving Money in the Bank Register

Step 1: Select the account where the money from the Receive Money transaction will go
Step 2: Enter details about the transaction
Step 3: Indicate which accounts will be affected by the transaction
Step 4: Choose what you want to do with the transaction

The Bank Register allows you to quickly and efficiently enter all your transactions for asset accounts with bank privileges or liability accounts with credit card privilege from one window. You can also view a complete transaction history for a selected date range of each of these accounts and open the source window of each transaction for more detailed information.

The data entry area appears in the bottom portion of the window and the top portion displays the transactions in a scrollable list.

Note: The Bank Register window is a convenient tool for data entry, not the actual transaction window.

When you enter a Receive Money transaction in the Bank Register window, it is as if you had opened and entered the information in the Receive Money window.

The Receive Money window has fields for more information than does the Bank Register. You can click the Split button in the Bank Register window to open the Receive Money window and enter more detailed information.

Note: Entering transactions in the13th period

To enter a transaction for the 13th period, enter an asterisk (*) in the Date field before you enter the transaction's actual date.

For example, if you want to place a transaction in the 13th period and want to indicate that the transaction was an adjustment for a transaction you originally entered on September 9, 2002, enter *9/9/02. (If you simply want to place a transaction in the 13th period and the actual date doesn't matter, you can enter whatever date you want following the asterisk). Regardless of the date you enter after the asterisk, that month's accounting records won't be affected by the entry.

For more information about entering transactions in the 13th period, see Entering transactions in the 13th period.

The list in the upper left corner of the Bank Register window displays only asset accounts with bank privileges and liability accounts with credit card privilege.

Warning: Receive Money transactions can't be used to close invoices

If you've recorded orders or invoices for customers using the Sales Command Centre, in order to make payments to the orders or invoices, you can enter the payment using the Receive Payment type in the Bank Register window or use the Receive Payments window or the Sales Register window.

Receive Money transactions can't be used to close invoices or make payments to orders.

Click below for the step-by-step procedure:

Entering a Receive Money transaction using the Bank Register