If you use the undeposited funds account to group funds you receive, you can use the Prepare Bank Deposit window to create a batch bank deposit that will transfer funds from the undeposited funds account to the account of your choice as a single transaction. Undeposited funds dated up to and including the date you enter in the Prepare Bank Deposit window will be displayed.
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. |
Note: Only receipts transactions which are local currency may be grouped as a deposit of undeposited funds
You may only use a local currency account as the linked account for undeposited funds. As a result, if you use the Multicurrency feature of MYOB Accounting Plus, only receipts transactions which are local currency may be grouped as a deposit of undeposited funds. |
Use the Deposit to Account field to enter the account where the funds selected in the Prepare Bank Deposit window will be deposited.
You may want to view and deposit only those transactions that were created using one method of payment. Choose the method from the Select Receipts by list.
Before you record the bank deposit, you can choose to remove or reverse a transaction in the Prepare Bank Statement window by clicking the zoom arrow next to the transaction to display the transaction and then choosing Delete Deposit Transaction or Reverse Deposit Transaction from the Edit menu. (Whether a receipt can be reversed or removed before the bank deposit is recorded depends upon whether your company file is changeable or unchangeable. For more information, see What are changeable and unchangeable transactions?) Before you record the bank deposit, you can also edit transactions that were recorded using the Receive Money window if you have a changeable company file.
Click below for the step-by-step procedure:To record a bank deposit for undeposited funds transactions
To change a Receive Money transaction
To reverse a Receive Money transaction
To remove a Receive Money transaction