Depositing cash on hand in the bank

When you deposit cash on hand in your bank account you need to enter a transaction in Bookkeeping to record this. From the perspective of the Bookkeeping program this is just a transfer of funds from the “Cash On Hand” account to the “Bank Account”.

You should have a separate “Bank” account for each actual bank account that you have. To enter this deposit of cash from your cash on hand you use the “Transfers Book” facility.

The "Transfers Book" facility is accessible from the "Banking" menu.

To create a new transfer press the "+" button at the top right of the transfers book screen.

Select the "From Account" as the "Cash On Hand" account.

Select the "To Account" as the account where the money is deposited.

Select the date when the deposit occurred, enter a description for the transfer (or leave the default description if it is suitable), and enter the amount into the "Amount" field.

When you enter information into the fields on this screen you are actually creating a general journal entry. You can find it in the general journals list with a type of "Bank Transfer". You can select the record in the general journals list and the "Transfers" screen will be shown with the relevant details.