Cash Reconciliation Overview
The Cash Reconciliation function allows you to reconcile the transactions and balances recorded for Veracross general ledger cash accounts to the statements periodically received from the bank, mark checks and deposits as “cleared,” and to record miscellaneous transactions that appear on your bank statement for items such as interest earned and bank transaction fees.
Applying Deposits to Invoices
Applying deposits to invoices may be done one by one or as a batch. To find deposits with a non-zero unapplied amount, click on the Cash Deposits Report link on the Cash Processing home page.
Cancelling a Cash Receipt Header
Step-by-Step From the Cash Processing homepage, open the Cash Receipt Header Listing query and specify criteria designed to retrieve the Cash Receipt you wish to cancel. Execute the query; identify the desired Cash Receipt Header, and click on ...
Creating a Deposit
Cash Deposits are a special subset of cash receipts. They are entered using the same links on the Cash Processing home page as miscellaneous cash receipts.
Entering a Simple Receipt
Step-by-Step Navigate to the Cash Processing or AR Workflow homepage and click the Add Simple Receipt link. Enter data for all pertinent fields (described below) and click Add Simple Receipt. Required Data Fields Paying Household &n...
Issuing a Refund for an AR Invoice with a Credit Balance
In the event that it is necessary to issue a refund for an AR Invoice that has a credit balance, the recommended steps are presented below.
Preparing and Printing Miscellaneous Checks
Occasionally, situations develop that warrant printing checks for disbursements unrelated to accounts payable invoices. In these instances, users can enter disbursement transactions directly into the system and immediately print a check.
Posting Applications of Deposits
Once tentative receipts have been created by applying deposits to invoices manually or by using the batch process and have verified those tentative receipts, it is time to post them.
Refunding an Unapplied Deposit
In the event that it is necessary to refund a deposit that has been posted but not yet fully applied to invoices, the recommended steps are presented below.
Voiding a Cash Disbursement
Step-by-Step From the Cash Processing homepage, open the Disbursement Header Listing query and specify criteria designed to retrieve the Disbursement you wish to void. Execute the query; identify the desired Disbursement Header, and click on &l...
Entering a Cash Receipt Batch
Step-by-Step On the Cash Processing or AR Workflow homepage, click on the link Add a Receipt Batch. Enter a Deposit Date. This should represent the day the money was deposited into the bank account. Enter a Cash GL Account. This sh...