Small business & Startups forum

Question

bank deposits in Simply Accounting

by BerthaRoseMcLAUGHLIN / February 8, 2013 10:54 AM PST

Have not used for some years. Cannot figure out how to post bank deposits. If Gen.Journey entry, is bank deposit debit or credit? Thanks.

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All Answers

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Answer
That's a basic question about book-keeping.
by Kees_B Forum moderator / February 8, 2013 11:17 PM PST

Why not ask your accountant?

Kees

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too embarassing!
by BerthaRoseMcLAUGHLIN / February 9, 2013 1:04 AM PST

This little company does not have one yet and they would be charged.

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Answer
Re: bank deposit
by Kees_B Forum moderator / February 9, 2013 10:40 PM PST

If it's your money on a deposit it's booked on the same side as the (positive) balance of your regular account. That's your money also.

Kees

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need to know more
by BerthaRoseMcLAUGHLIN / February 10, 2013 3:37 AM PST
In reply to: Re: bank deposit

Thanks but all I really need to know is in a general journal posting, is the deposit to bank acct a debit or a credit.

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