Generate Deposit – Cash Management

By | December 1, 2016

Deposit is account of savings, current or any other type of bank account that allows money to be deposited and withdrawn by the account holder.

In Sage 500 ERP ‘Generate Deposit’ is used to combine previously posted cash receipts into a deposit for the bank account you select.

New Stuff: – Visual Process Flow for Sage 500 ERP

Let see an example for flow to create a deposit in ERP module; To Generate deposit we need to process the cash receipt to be deposited in a bank. Suppose we enter a receipt for account receivables, so i.e. create SO à Process the SO >> apply payment in cash (tender type) and Post SO invoice.

Now we enter cash receipt to payment received for that, navigate to Account Receivableà Activities à Process Cash Receipt à select the bank account.

Go for option ‘Select SO Payment’ and Post the Cash Receipt.

Process Cash Receipt

Now go to Cash Management-> Activities -> Generate Deposit ->  Select Bank Account -> click on ‘Select for Deposit’ select the cash receipt. Post the Deposit in the system to account.

Generate Deposit

Select For Deposit

Post the Deposit in the system.

This is how the deposit is made in Sage 500 ERP.

 

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