Recieving payments

Hi JacquieVR 

 

Thank you for your post. I'd like to extend you a warm welcome to the Community Forum. I hope you find it a valuable resource.

 

Is the recorded withdrawals are spend money transactions and is the recorded payments are coming from bank feeds and with different accounts? If yes, you can allocate it to the Undeposited Funds account. Undeposited funds account is used to track all the payments you receive by cash, cheque and credit card before they are deposited to your bank account. This makes reconciling your bank account easy, because you'll be able to match up the bank statement deposit amount with the amounts you've recorded in AccountRight. 

 

If the recorded transactions under undeposited accounts are already deposited to your bank account. You need to record the this in AccountRight by Preparing a bank deposit. After you've have done this this will clear the Undeposited funds account.

 

Our Help Articles, has detailed information you may refer to and you might find these useful too.

• Preparing a bank deposit
• Receive money window
• What are linked accounts
• Bank Register

 

Please feel free to post again I'm happy to assist.

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

 

Cheers,

Princess