Bank Reconciliation - Deposit Reports

The Deposit Reports is a set of reports that provide detailed information on the status of bank deposits entered in AccountMate Enterprise using the Bank Reconciliation (BR) and Accounts Receivable (AR) modules. These reports provide a necessary audit trail; these are useful for tracking and monitoring bank deposits and facilitate reconciling bank accounts. Each of these reports is especially designed to provide several filter options so you can generate a report that shows the specific information you need. Each report is also presented in various report formats.

Read the information below to get a closer look at each of the Deposit Reports available in AccountMate Enterprise.

Real-Time Deposits In-Transit Report

The Real-Time Deposits In-Transit Report provides a list of deposits that are still in-transit. The report shows information on the deposit items that have not yet cleared the bank. It shows the deposit number and date, transaction code, description, source module and the deposit amount. This report is useful for efficiently forecasting your cash balance by adding the total in-transit deposit amount that will be credited to the bank in the future. These cash deposit projections will help you effectively manage your cash transactions. This report also serves as a guide in reconciling your bank deposits.

You can generate this report for BR deposits only, AR deposits only, or for both AR and BR deposits.

Real-Time Reconciled Deposits Report

The Real-Time Reconciled Deposits Report provides a list of deposits that have already cleared the bank. The report shows information on the deposits that have reconciled with the bank’s record. It shows the deposit number and date, verified date, transaction code, description, reference, source module and deposit amount. You may use the report to verify the actual clearing time of these deposits for each bank. By properly monitoring the clearing of deposits in these bank accounts, it allows you to better manage your cash disbursements or check issuances. This report is also useful for reconciling bank deposits.

You can generate this report for BR deposits only, AR deposits only, or for both AR and BR deposits.

Deposits In-Transit Report

The Deposits In-Transit Report provides a list of deposits that were in-transit as of a cut-off date. The report shows information on the deposit items that have not cleared the bank based on a date range you specify in the report criteria. It shows the deposit number and date, transaction code, description, source module and the deposit amount. This report is useful for verifying the deposits in-transit at a certain date. The report can also be used as reference in reconciling your bank deposits.

The report can be generated to show only deposits recorded in the BR module, only deposits recorded in the AR module, or all deposits.

Reconciled Deposits Report

The Reconciled Deposits Report provides a list of deposits that have cleared the bank as of a specified date. The report shows information on the deposits that have reconciled with the bank’s record based on a cut-off date. It shows the deposit number and date, reconciled date, transaction code, description, reference, source module and deposit amount. You may use the report to verify which deposits have cleared the bank as of a certain period. The report helps you to properly monitor the clearing of deposits in these bank accounts. This report is also useful for reconciling bank deposits.

You can generate this report to show only BR deposits, only AR deposits, or for both AR and BR deposits.