How to Enter a Deposit

Revenues received as payments are processed as "Deposits". Think of the process as an automated way of preparing your bank deposit with a few extra things included.

1. From the VT A/R Menu, select Cash Receipts and Deposits.
2. On the Cash Receipts and Deposits dialog, click the New Deposit button to define a new deposit record. Generally, you should create a new deposit record for each bank deposit you make. That way, you print out your deposit slips from within VT.
3. Select the newly created deposit record in the top panel of the Cash Receipt and Deposits dialog.
4. Click the New Receipt button to initialize a new receipt.
5. Select the advertiser or agency from who the payment was received.
6. Enter the receipt ID (Check Number) and total amount of the payment.
7. Click the Save Receipt button to save the receipt.
8. Click the Apply to Statement button to open the Cash Receipt Distribution dialog to distribute the payment to the orders and invoices of the advertiser or agency.
9. Repeat steps 4 through 8 for each payment (or check) that you’ve received.
10. Click the Print button to print a deposit slip for this deposit.
11. Take the deposit slip and the properly endorsed checks to the bank.