Bank receipts with the Batch Later option

TABLE OF CONTENTS

• Introduction
• Bank receipts with the Batch Later option

Introduction

When you post receipts and you select the Batch Later option, the receipts do not post directly to the bank, but go into a Cheques Holding Nominal account. You can manage and post these receipts to the bank from the Post Batch Cheques screen.

Bank receipts with the Batch Later option

1. Go to Fees>Collections>Post Batch Cheques.
2. If you have multiple posting batches that you want to combine to match a single banking:
   • Select a batch in the top pane of the screen
   • Select the cheques in the Allocate Cheques pane at the bottom of the screen.
   • Select the batch to move the cheques to from the dropdown at the bottom of the screen and select Move Cheques to this Batch.
   • You can delete the empty batch and repeat the steps above for remaining batches.
3. Select the batch of cheques that you are banking and update the Batch Name and Batch Date to reflect the banking in the Batch Details.
4. Select all the cheques in the batch and then use the Post Batch Cheques button at the top of the screen to post the cheques to the bank.
5. The system will credit the Cheques Holding account and debit the selected bank account.

Note: For more information on working with receipts and posting options, please see the Engage Fees Collections guide.