Bank deposit

A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below. The bank deposit in ACCOXI functions for entering deposits in bank.

Key Features:-

Users are able to select different type of bank instruments like cheque, DD etc.
Narrations can be added
Can enter multiple deposit entries

BANKING DEPOSIT

Here the user can enter the banking deposit details.

Steps to enter banking deposit:

Select an instrument type fromdrop down option which is cheque, cash, DD etc.
Enter party name
Select the bank account
Enter bank name
Enter the instrument number and date
Enter narration
Add a ledger to “From Account” where the cash is depositing from and enter amount.

Fields	Description
Ref Number	Automatically generated the ref number of bank deposit
Instrument type	Enter instrument type which is cheque, cash, DD etc.
Date	Enter the date
Party name	Enter the party name
To bank account	select the bank account
Bank name	Enter the bank name
Instrument no	Enter instrument number
Instrument date	Enter the date of the instrument
Narration	Enter the narration
From account	Enter the account where the cash is depositing from
Narration	Enter the narration
Amount	Enter the amount to be deposited
Save as draft	Can be saved as a draft
Save as voucher	Can save as a voucher
Clear	To Clear the data entered
Refresh	To refresh the window
Exit	To exit from the window

Frequently Asked Questions?

01How do I make a Bank Deposit?

Go to Accounts Module => Bank Deposit
Enter instrument type which is cheque, cash, DD etc.
Enter party name
Select the bank account
Enter bank name
Enter the instrument number and date
Enter narration
Under From Account choose cash option and enter amount
Click on Save as voucher.

02Where can I view the Bank Deposit created?

Go to Accounts Module and under Transactions head the Bank Deposit vouchers can be viewed.

03How do I save Bank Deposit as draft?

Go to Accounts Module => Bank Deposit
Enter the details
Click on save as draft at the bottom of the page
User can save the Banking Deposit as draft for further alterations and can convert to voucher later

04How do I delete an entry in the Banking Deposit?

You cannot delete a transaction once created. It can only be cancelled.

05How do I add new ledger in Banking Deposit window?

Go to Accounts Module => Bank Deposit
Use the + button near to the “To Bank Account” column to add new ledger.
After creating the ledger, open the Bank Deposit tab and refresh the “To Bank Account”, inorder to view the latest ledger name.

How To Record Bank Deposit in Accoxi?