To set up an Automatic Deposit or Payment

Go to: Main menu > General Ledger module > General Ledger menu > Automatic Deposits and Payments.

1. Click Insert.

   

2. Type a reference for the automatic deposit or payment in the Code field, for example, RENT.
3. Click the Account Code arrow, and double-click to select the appropriate General Ledger code for the automatic deposit or payment.
4. The default bank account will be displayed in the Bank Account field.
   • Optional: To select a different bank account for the automatic deposit or payment, click the Bank Account arrow, and double-click the bank account.
5. In the Description field, type a description of the automatic deposit or payment. This is what will appear on your bank reconciliation.
6. Click the Department field, and then double-click the department code related to the automatic deposit or payment.
7. In the Amount Received or Amount Paid field, type the amount that will be deposited into or withdrawn from your bank account.
8. Select the Frequency of the automatic deposit or payment.
9. In the Next Due Date and Last Due Date fields, type the date that the automatic deposit or payment is next due and the last payment date (if applicable).
10. Click Save.