Create a bank transfer deposit

Create a bank transfer deposit to record money arriving in the receiving account for an in-transit bank transfer. Open the in-transit bank transfer and select Deposit bank transfer from More actions. You can also open the Bank transfers page and select Deposit bank transfer from the transfer’s row actions.

Before you begin

You need an existing in-transit bank transfer. If you need to create one, see Create a bank transfer.

Create the bank transfer deposit

  1. Open the in-transit bank transfer and select Deposit bank transfer from More actions. You can also open the Bank transfers page and select Deposit bank transfer from the transfer’s row actions.
  2. Review the receiving account and enter the deposit date and memo, as needed.
  3. Review the applied bank transfer.
  4. To record a fee, select Add fee, select the fee account, enter a memo and positive amount, and then apply the line.
  5. In the Accounting section, review the posting period.
  6. Select Submit.

QuickStart debits the receiving account and credits the default intermediary account. Any fee reduces the amount received and also affects the selected fee account. The related bank transfer changes to Deposited status.

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