Undeposited Funds

[John Ralls]

On Feb 15, 2014, at 3:22 AM, Mark Baustian <mbaustian at frontiernet.net> wrote:

> I use an undeposited funds account when I recieve payment on an invoice. I 
> just select that asset account as the Transfer To account and enter whatever 
> other info, date, check number etc is required. The transaction is recorded in  
> Undeposited Funds by the customer name on the account and the Invoice entry in 
> the Accounts Recievable is balanced by a payment entry. When I deposit the 
> check I open the Undeposited Funds account and enter a line for the deposit, 
> eg, Deposit (customer 1, customer 2), transfer the amount to the checking 
> account and enter the amount. One thing GC does that can generate red ink in 
> the account is that if I recieve and deposit money on the same day it will put 
> the deposit ahead of the reciept. To avoid this - which is only annyoing to me 
> but doesn't really matter, - I fudge the dates by a day so the reciept is 
> recorded first. I don't know if the business features contain this. I think I 
> just created the Undeposited Funds account as an Asset account manually. I use 
> v2.4.11 on a debian system. - Mark

You can use the number field in the register to force the transactions into the order you want without fudging the date.

Regards,
John Ralls