Forum Message

'Money to be banked'

On your balance sheets under assets, there is a description money to be banked. Can you let me know what money to be banked means? Thanks


Posted by John Warrington on Aug 15, 2008 4:23 PM BST

Hi John,

'Money to Be Banked' represents cheques and cash you have received from customers but not yet deposited into your bank account.

This account is mentioned in our help section on receiving payments and making bank deposits.

I hope this helps. Let me know if you need more information.

Regards,


Posted by Mark McLaren (Solar Accounts) on Aug 15, 2008 4:37 PM BST