Insert Payment Field from the Deposit Agreement and eSign it in minutes

Aug 6th, 2022
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How to Insert Payment Field from the Deposit Agreement

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[Music] hey this is Mike Im gonna walk you through how to figure out which deposit a particular payment or refund is associated with this is super helpful to just understand how the cash reconciliation process works in that suite and in particular helps you understand what the stripe integration is doing automatically for you this will also help you debug any problems with the automatic reconciliation if someone in your NetSuite account accidently deposited a payment or refund with the wrong transaction so lets take a look at a deposit this is a pretty simple deposit it just has two entries on the payment list the payment and a customer refund and these two transactions are going to be marked as deposited as a result of them being included in this payments list on this deposit lets take a quick look at the GL impact to give you an idea of whats happening behind the scenes so what net suites doing here is its moving the cash from the undeposited funds account into the savings accou

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To make a deposit: Select the custom form for this deposit. Select the bank account for the deposit. The Amount field shows the total amount of payments, other deposits, and cash back selected or entered on the Deposits subtab. Accept todays date, or enter the date of the deposit.
Accounting for a Customer Deposit The company receiving a customer deposit initially records the deposit as a liability. Once the company performs under its contract with the customer, it debits the liability account to eliminate the liability, and credits a revenue account to record the sale.
0:00 4:32 Payments to Deposit in QuickBooks Online - YouTube YouTube Start of suggested clip End of suggested clip And youre going to the bank. And youre going to combine. Multiple payments from customer invoicesMoreAnd youre going to the bank. And youre going to combine. Multiple payments from customer invoices at one time and make the post. So when you try to do a bank reconciliation.
You can apply a deposit against an invoice in one of the following ways: Go to Customers Accounts Receivable Accept Customer Payments Deposits Deposits. View a customer deposit record and click the Apply button.
The difference is that a payment doesnt hit the GL until the invoice is posted whereas a deposit hits the GL as soon as the deposit is saved.
A deposit is paid by the buyer to the seller before a sale is completed. A deposit is usually refundable up until a certain date. In some cases, a deposit is non-refundable, meaning that if the buyer cancels the sale or is unable to pay for the sale, they will not receive the deposit amount back.
Paying a deposit shows that you intend to buy the item or service. It means you are entering into a contract with the business. When you pay a deposit, you and the business agree: the exact product or service that you are buying.

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