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After all receipts have been entered, printed, verified and a deposit slip printed, select the Update/Post Deposit Cycle option from the Deposit Entry Menu.

 

This will create G/L entries for each receipt created and post those entries to the General Ledger. The update removes the data from the "Deposit Entry" screen, so a receipt cannot be accessed once it is updated.

 

Once you have verified that all receipts are correct, select the OK option. The update will begin, entries will be posted and the Deposit Entry menu will be cleared. You are now finished with the “Cash Receipt” cycle. Click on the “Close” button at the bottom of the screen to exit.

 

If another user is in the process of entering a deposit, it will show at the bottom of this screen. This will not stop you from posting. It’s more for informational purposes.

 

NOTE: The system will not post the entries if errors have occurred.