 In this presentation, we'll record the receipt of a payment and then make the deposits related to it. In other words, in the past we have entered the invoices, now we're going to record the receipt of the payment on the invoices and the deposits into the checking account. Let's get started with Sage 50 cloud accounting. Here we are in our get great guitars file. We're currently in the customer and sales section. We have in the prior presentations entered some invoices, now we're going to record the receipt of the payment of those invoices and the deposits. We'll do this a little bit differently than we have in the past in that we're going to record the receipt payment, but not the deposit slip. And then we're going to use this item down here to group the deposits so that it'll help us with the bank reconciliation process. So let's see what we have here. We're going to go to the sales invoice and I just want to take a look at the view and edit the sales invoices. So we're going to view and edit the sales invoices. If I make this large, then this is what we have. I'm going to make this for the entire year. So let's make this for this year. These are going to be the two invoices we're going to be dealing with the five of the five forty seven fifty and the eight fifty one that we're going to be receiving payment and making the deposits for. Let's close this back out. We're then going to go to the receive payment. So I'm going to say receive payment and select the receive payment item. I'm going to make this a large and we're going to say the first one. That's going to be for I'll just make a ticket number. Let's make it and then I'm going to say this is Eric music. So we're going to pick up Eric music. Notice it bounced over here to the left side to pick up that invoice on the tab. Then as we go through here, I'm just going to pick up a number here and here. Then we're going to say that the date. Let's say the date is going to be one twenty nine two zero and the receipt amount. I'm going to say is going to just be the whole thing. So I'm going to check this off and that'll put in the five forty seven fifty. We'll keep it at the check and this time I'm not going to put it into the to the cash on hand. I'm going to put it into the checking account and then I'm also going to make a change this time. I'm going to remove the deposit ticket ID and that's going to tell the system. Hey look, this isn't we didn't actually deposit. So it'll go through to the next system so we can deposit it in a group some at least with regards to the deposit that we'll see in the grouping on the bank reconciliation. So I'm going to I'm going to keep it at that. That looks good. What's going to happen when we record this? It will actually record the final the transaction going into the checking account and then the other side is going to be decreasing the accounts receivable, but it'll also allow us for the grouping because we didn't include the ticket. So let's see what that looks like. I'm going to say save and then say yes. Then I'm going to close this back out. Then if I go down to my deposit down here and I go to the view and edit the deposits actually, let's close that back out. I don't want to view them. I want to take a look at the drop down and have the new deposit. Now we see that deposit appearing here. So it's going to be appearing here so that we can now group them together. We could show how the grouping is going to be related on the bank statement, even though it's also recorded in the checking account on the financial. So let's take a look at that. If I go to the reports drop down, we go to, let's take a look at the general ledger this time. So let's go to the general ledger reports and take a look at the trial balance. We're going to open up the working trial balance. We're going to go into the options up top and then within the options, we're going to say the period is going to be for January 31st. So that's going to be the period. I'm going to remove the zero balances. So I'm then going to say, okay. So then we have the deposit in the checking account. If I double click then on the checking account, we're going to have that deposit on the 25th. Actually it was on the 29th, it looks like, for that 54750. So there's the actual deposit. So it still went through, even though we have that deposit kind of grouping system that we can still look in the grouping system. So it still went into the checking account here. I'm going to close this back out as opposed to the prior way we did it, which was to put it through the clearing account, which was the cash on hand account and then deposit it as a group format. The other side then decreasing the receivable going into the receivable. Then we've got the 54750 there as well. I'm going to close this back out, minimize this one, minimize this. And then we'll, we'll go through this process again. So we're going to say receive payment. I'm going to receive another payment this time. And this time it's going to be for that music stuff store. So this time I'm not going to have a ticket. So we're not going to include the ticket. And then I'm going to go down here and say it's going to be for music stuff store, which is this one. It popped over to the left hand side. I'm going to make this on the 29th as well. So I'm going to make it 012920. We'll put the reference number up top and the receipt number. And then I'm just going to check off this amount. We're going to check it off. So we'll say check this off. There's the 85125. So we have the 85125. It's going to be a check. It's going to be going into the checking account, but we're not going to have the deposit slip up top. Same thing is going to happen. It's going to increase the checking account. The other side is going to decrease the accounts receivable, but it's also going to have that grouping mechanism to put us, to actually make the deposit. So let's then say save. And we're going to say yes. So we'll record that item. Close this back out. We'll go back up top. Close this back out. And then we'll go into the deposits down below. And we're going to make a new deposit. So within the new deposits, I'm going to group these together. I'm going to group them together as of one, two, nine, two, zero. It's going to be the deposit date. And so then I'm going to group these two together. I'm going to check them off. And now this is basically showing, Hey, we got these two deposits that we put into our checking account, but we're going to be grouping them together here. So when we make the actual deposit into the bank, we're going to be grouping them together. This is going into the checking account. So that looks good. That's what we want. Let's go ahead and save that. So you're about to modify a transaction that is not in the current period. Do you want to continue? We're going to say yes. And so there we have that. I'm going to close this back out. Then let's go back to our reports. So let's go back to the trial balance and let's update the trial balance. I'm going to say refresh, refresh the trial balance and then go back up top. If I double click on the account up top, then we have our deposit for the music stuff store of the 851. There's our two deposits that we have made now, the 547 50 and the 851 25 closing that back out. The other side then being closing that back out in the accounts receivable double clicking the accounts receivable to check it out. We see that we have the music stuff store now going down of that 851 25. You can start to see, of course, the trend and the receivable, it going up and then, of course, decreasing it going up and then decreasing. You should be able to kind of check and tick and tie off the increases and decreases in the receivables closing this back out. We also know that the receivable will, of course, be supported by another report that's going to be tracking this information by customer. That's going to be it for now. Let's get out of here.