Undeposited Funds

[Brenda Reed]

Great idea John. Thanks.


On Sat, Feb 15, 2014 at 7:19 AM, John Ralls <jralls at ceridwen.us> wrote:

>
> 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