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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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.