- Knowledge Base Categories:
- School Accounting System
- General Ledger
Training Tidbit: Is there a way to post cash receipts to better match how the deposits are listed on my bank statement?
Yes, when creating a batch of cash receipts within General Ledger, the Posting Type field determines how the cash receipts will post to General Ledger and display within the Check Reconciliation option, so be sure to select the appropriate type to get the results you want.
The four available posting types are:
- Cash Receipt Date: Posts one cash entry (per cash account) for each different date of the cash receipts within the batch.
- Cash Receipt Number: Posts one cash entry (per cash account) for each different cash receipt number within the batch.
- Cash/Receivable Account: Posts one cash entry per cash account (or receivable account, if applicable) using the date entered in the Batch Date field on the batch options (and disregards the individual cash receipt dates entered within the batch).
- Individual Entry Detail Line: Posts one cash entry for each different cash receipt detail line within the batch.
Click here to view a sample batch of cash receipts that were entered and then posted using each of the four different cash receipts posting types.
Tip: A default posting type can be defined in the General Ledger System File, and the default will appear if the Posting Type field is left blank for a batch of cash receipts.