Forum Discussion

Limor's avatar
Limor
2 days ago

Bank deposit - too much deposited

  I had a cash payment of $1,353 which I intended depositing via the bank teller. Very long queue for the teller so I did it via the ATM - took out the $3 in coins and added a $5 note of my own. (s...
  • Genreve_S's avatar
    Genreve_S
    2 days ago

    Hi Limor,

     

    In your situation, you will need to create a transaction for the additional $2 and add it to the cash payment to match it with the bank feeds. 

    Here are the steps you can follow. 

    1. Record the cash payment of $1,353 to the undeposited funds.
    2. Create a transaction for the additional $2 and record it against the undeposited funds.
    3. Create a bank deposit to move the total amount of $1,355 to the bank account.

    Following this will match what happened in real life. Feel free to read through this link to understand the process of adding 2 or more transactions into one bank deposit. 

     

    Let us know if you need any other help.

     

    Thanks,
    Genreve

     

Genreve_S's avatar
Genreve_S
MYOB Moderator
2 days ago

Hi Limor,

 

In your situation, you will need to create a transaction for the additional $2 and add it to the cash payment to match it with the bank feeds. 

Here are the steps you can follow. 

  1. Record the cash payment of $1,353 to the undeposited funds.
  2. Create a transaction for the additional $2 and record it against the undeposited funds.
  3. Create a bank deposit to move the total amount of $1,355 to the bank account.

Following this will match what happened in real life. Feel free to read through this link to understand the process of adding 2 or more transactions into one bank deposit. 

 

Let us know if you need any other help.

 

Thanks,
Genreve

 

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