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Deposit batches overview

An overview of Deposit batches in AccountsPrep.

AutoEntry Support Team avatar
Written by AutoEntry Support Team
Updated over 2 months ago

Deposit batches in AccountsPrep are essentially the same as Cheque batches, but they relate to the receipt side of the bank.


Usage

This feature can be useful for a few users in the following cases:

When there are outstanding deposits/lodgements at year end that you need to post to the bank ledger.

When the client uses a lodgement book to keep chronological records of their deposits. (Similar to a cheque book but for receipts lodged in the bank).

📎NOTE: This feature is optional and only applies to some users or regions.


Functionalities

After you post a deposit, it will sit as outstanding on the bank reconciliation report. You can then match it with the relevant receipt when processing the bank statement batch.


How to work with Deposit batches

The instructions for Deposits are the same as with cheques, but think of it from the receipt side.

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