General Ledger Q&A: Creating Deposit Slips for Reconciliation

January 2018    Tags: , ,

At the end of the day I make a deposit to my bank for all payments received. However, they are separate transactions on my reconciliation. Is there a way to combine receipts on my reconciliation into transactions that match the deposits made at the bank?

This can be accomplished by creating deposit slips. Deposit slips provide the ability for you to include multiple transactions on one deposit slip to match the deposit you made at the bank. You can then reconcile the deposit instead of each individual transaction.

To create a deposit slip

  1. From the File menu, point to Open and select Deposit Slips.
  2. Click the new (New) button.
  3. Enter the Deposit Date.
  4. Select the GLS Account #.
  5. Click the Select Receipts button.
    1. Click in the column to select the receipts to be included on the deposit.
    2. Click OK.
  6. Press Ctrl+S.

Now all of the selected entries will be combined on a deposit slip for you to clear.

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