Cash In

Lesson 4: Receive Cash

In this lesson we will cover how to create and apply Cash Receipts, how to apply a Cash Receipt to a Retainer or Prepayment, and how to create a Bank Deposit.

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Training Modules

Module 1: Create and Apply Cash Receipts

In this training, we will cover several options that Accounting Seed provides to manage the Cash Receipt process including:

  • Creating a Cash Receipt and applying it directly to the associated Billing
  • Creating a Parent-Child relationship and processing a Cash Receipt
  • Creating a Billing for a Cash Sale from an Opportunity

Module 2: Retainers and Prepayments

In this training, we will explore the process to create a Cash Receipt and apply it to a Billing as part of a prepayment agreement for goods and services.

Module 3: Bank Deposits

In this training we will review the process to Create a Bank Deposit and the steps required to associate Cash Receipts and Debit Journal Entries with the Bank Deposit.

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