 I'm just going to say deposit and I have to choose the bank. I'm not going to put it into the checking account But rather I'm going to put it into the cash clearing account and then group them together So then we have Anderson you can click on the invoice to link over to the invoice This is a batch deposit, but we only have one item in it So what's it going to do increased the account the cash account in this case? Not the checking but clearing account other side decreasing the accounts payable and The sub ledger for accounts payable broken out by customer will also go down as well So let's make the deposit and check it out So we'll make the deposit and then go to the balance sheet and update it So we have stuff that's up to date the clearing account has now going up It's not yet in the checking account but in the clearing account the accounts receivable if we go into it Then we can see it should be going down Now note the accounts receivable should be an account that you can see exactly what has happened It's going to go up with invoices. It's going to go down with receive payments That's all that happens with accounts receivable the only account that has way more transaction types is The cash account because cash is the lifeblood of the company Most other accounts you can you can have an idea of what type of forms are going to happen Like the with the accounts receivable it's going to go up with an invoice down when we get paid Let's go to the tab to the right and I'm going to right-click and duplicate it because I want to open up the sub ledger For accounts receivable just so we can see how that works. I count in drop-down reports and let's take a look at that Receivable aging detail aged receivable detail. I should say let's go into that one and now we can see this is updated Let's not do the detail one. I just want the summary. Hold on a second Not the detail not the detail back to the reports Reports is what I'm looking for poor favoor. It's what I'm looking for poor favoor. Let's go down here Let's say we want the aged receivable summary. It's in the starred ones I could just go into the start items, but There it is and so it's after the date wrench So now we've got our our people that owe us money ties out to 43 207 50. That's what should be on the balance sheet Which is here in practice? We would probably be tracking this on this side looking at the business drop-down and Invoices so the open invoices or the ones awaiting payment are the ones that that's still add up to the Accounts receivable on the balance sheet, but you don't have that nice subtotal that's why I open the reports sometimes and then you can also see it over here in the contacts and I can go into my Customers and see the people that owe us money on the customer side of things there They are in the summary and then I can go into Anderson here if I was contacting Anderson in general about a particular invoice and see the invoice and whether or not it's paid as Indicated on the little link on the side. All right, let's do it again Back to the first tab, but we're already on the first tab and let's go to the accounting drop-down Wait a sec. Let's go to the business drop-down and go to the invoices and I want to go back to the ones awaiting payment Invoices awaiting payment and let's pick up the Eric music one this time So I'm gonna pick up this one I'm just gonna do one at a time and put it into that deposit form note that you might if you have bank feeds on You also want to think how the bank feeds will fit in you could think of a system that you wait till it clears the bank feeds And if they're clearing one at a time for like this dollar amount Then you might you know come up with a system where you can tie the bank feed to this invoice possibly But that will get muddied up If you have a payment processor for example that has fees So the amount doesn't tie out exactly then you're gonna have to record the received payment in some way or have some other Process that's gonna set up and or if multiple payments are gonna be linked together again All right, so let's make the deposit if we may deposit it and let's gonna say this is gonna happen on Jan 25 Jan 25 Alrighty, and this is a deposit and we're gonna put it into the Clearing account so this is gonna increase the clearing account decrease the accounts receivable decrease the sub ledger for the customer of Eric music Let's deposit it wait till we get to the green thing and then go back to the balance sheet update We can see the clearing account should go up cash clearing Accounts receivable should have gone down I won't go into it again because we've seen it a couple times Let's go to the aged report just to double-check the aged report 30,000 disappears. We're now at the 12,750 750 which ties out to what's on the balance sheet 12,750 750 go into the first tab we can also see if we go to the drop down in voice and We go to the awaiting payments now We've got these two awaiting payments the ones that are paid over here You can see the ones are paid were transferred over here so you can see those two