Instead of online payments, some owners will pay by check. With the Apply Checks process you can add these checks.
Click on Apply Checks
Apply the check payments received
Click on Add New to enter the collection of check deposits.
Enter the Description for check deposits.
After the description is saved, add each unit’s check amounts by clicking on Add New Check Amount
Posting the Check Deposits to Financials
After all the checks are deposited, you can post the transaction to accounts.
This must be set to Yes before Posting.
The Total Checks will be the total count of checks or other payments entered for this deposit collection.
Total Check Amount
The Total Check Amount will be the sum of all checks entered for this deposit.
This is the date when checks are deposited in the bank.
Select the Bank Account which needs to be used for posting to the Finanical Accounts.
Select the Account which needs to be used for posting to the Finanical Accounts.
Any Reference Number like a Bank Deposit Slip number
Enter any memo for these deposits.
This is the posted record in accounts.