Daily Bank Deposit With Cash On-Hand Account
This video outlines the day-to-day process of accepting cash and check transactions, and creating a single daily bank deposit in Newton by Agency Systems.
Any cash and check transactions received in person are entered into a cash on-hand bank account. The bank account represents any money received by the agency that has not been deposited at the bank. Any electronic funds (EFT) are automatically posted directly to the operating bank account.