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Author Topic:   Can't see account entry even though it is there
John Mastio
Member
posted 02-20-2002 07:51 AM     Click Here to See the Profile for John Mastio   Click Here to Email John Mastio     Edit/Delete Message
I have been a user for many years, but am stumped by this.

When I enter a regular deposit to a checking account. IE: Deposit of $1,000, and I want to have $250.00 posted into a savings account, then I simply use a multiple distribution in the deposit. The funds are posted in the savings account, but I can't ever see them in a transaction register. Or if I mark Change in the Savings account I can't see the deposit listed. THE FUNDS are there but no entry to see. Can you help me so that when I make a deposit to checking, and send some funds to savings I can see both entrys in my accounts?

Thanks!

John H. Mastio

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Pamela
Member
posted 02-20-2002 11:00 AM     Click Here to See the Profile for Pamela   Click Here to Email Pamela     Edit/Delete Message
Please tell me what your Multiple Distribution screen entry is so I can reproduce the problem.

Is the deposit made to your checking account at the bank and then the bank transfers it to your savings? Or at the time of deposit of one check, does the bank split the deposit immediately?

If the bank deposits the $1000 and then transfers the money to savings, then you need to do the same for audit purposes. Deposit the $1000 to checking, and then post another entry to move it to savings. This will invoke the transfer clearing account utility and post to both journals.

If the bank splits the deposit immediately, then you also need to make 2 separate entries, $750 to checking and $250 to savings in each respective journal. This will match your bank statements and then also provide entries in each journal for reconciliation capability.

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