Intermediate deposit account for HB&R (a.k.a.
When you receive
multiple payments by check per day but only make one summary deposit to your
- Create a cash (or
manual checking [*]) account, named something like "Checks to
Deposit" with an Opening Balance of $0.00
- When filling out
the New Customer Payment form, deposit the check to "Checks to
Deposit" instead of your regular bank checking account.
- At the end of the
day, tally up all checks on your deposit slip. In Quicken, in the "Checks
to Deposit" account make a transfer transaction "Daily Deposits"
in the amount of your deposit slip. Put the amount into the Payment column. As
category choose your checking account, surrounded by [square brackets], e.g.
[ABC Bank Checking]. Verify that this reduces the balance in the "Checks
to Deposit" account back to zero (or you have made a mistake somewhere
along the way).
[*] During the Add Account dialog, choose a checking account and, on the next
screen, click on the words "Advanced Setup" then finally choose
"I want to enter transactions manually".
OK, did it again, from the checking register. Left the top line $500 black as it came up, entered the other accounts as negatives, and saved. Went to the other accounts, and the items were there, as positive numbers. However, the checking account is still adding the full $500 to the balance.