A bank deposit never changes the GL cash account, instead a deposit changes the checkbook balance. The GL cash account was increased when a user recorded the cash receipt (see cash receipt journal below). A user can use the Bank Deposit Window to enter (or void) several different bank transactions (see below). Deposit Types:

With Receipts – generated from AR cash receipt, AP return, or Bank Transaction Entry

Without Receipts – enters a transaction to the Checkbook ONLY, has no GL or sub ledger impact

Clear Unused Receipts – used to clear receipt transaction to remove receipts from the system. (Ex. Existing receipt that won’t be assigned to a deposit because the amount has already been deposited.) The deposit amount is zero and the checkbook and GL cash account are NOT updated when posted.

Deposit EFT – used to enter the deposit of electronic funds that have been received