Bank Deposits

Bank Deposits are used to group multiple Customer Payments with a Banking Method of 'Use Bank Deposit'. The result of this process is one entry posted to the Bank account rather than multiple individual Payments. Commonly used for group Cheque or Cash Payments together as one banking.

Bank:

This Cost Centre is linked to the Payment Account entered against the Bank Deposit.

Undeposited Funds:

The Cost Centre Mapping By Site is evaluated to determine the Cost Centre for Undeposited Funds based on the site of the Bank Deposit. If no Site Cost Centre Mapping rule exists,

then the Base Cost Centre Mapping is evaluated to determine the Cost Centre for the Undeposited Funds