Deposits (Bank Reconciliation)

Bank Deposit Reconciliation is the process of verifying that recorded receipt transactions in the system match the actual funds deposited into the college’s bank account.

Topics

Search Deposits — The Deposit Search enables users to efficiently locate deposits using various search options.

Deposit Details — The Deposit Details page provides a comprehensive overview of all information related to a deposit record. It includes a list of the receipt items that are part of the deposit.

Create, Edit and Delete Deposits — Creating and managing deposits is essential for accurately tracking and reconciling payments received from students or customers. Deposits serve as a way to group and verify multiple receipts, ensuring that recorded payments align with actual bank transactions. This process promotes financial accuracy, improves cash flow management, and enhances transparency in financial operations.

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