How Do I Record A Deposit That Is Not A Payment to an Invoice?
Oftentimes, you will have deposits going into your operating account that are not client-related. This could include owner's contributions, donations, interest deposits, or any other payments coming into the firm that are not
payments to an invoice
.
These deposits can be recorded in different ways.
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You have the option of creating a journal entry . In your journal entry, you will want to debit the operating account this is being deposited to, and credit the appropriate account from the chart of accounts the deposit aligns with.
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Zola Suite also has a formal "Deposit" feature that can be accessed by going to the Main Accounting page. On the green toolbar in "Invoices & Payments" click on the plus sign. This will open a series of options you have available:
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Under the payments section, select "General Deposit." This will open the deposit module:
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After filling in all required fields, click "Apply & Close." This will record the deposit to the register.
The deposit feature will allow you to select "
Undeposited Funds
" as the To Account for the purposes of creating batch deposits. You can also match activity from your
Download and Review
feed to these deposits.
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