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Small business forum: bank deposits in Simply Accounting

by: BerthaRoseMcLAUGHLIN February 8, 2013 6:54 PM PST

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bank deposits in Simply Accounting

by BerthaRoseMcLAUGHLIN - 2/8/13 6:54 PM

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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Answer Best answer as chosen by user BerthaRoseMcLAUGHLIN

That's a basic question about book-keeping.

by Kees_B Moderator - 2/9/13 7:17 AM

In Reply to: bank deposits in Simply Accounting by BerthaRoseMcLAUGHLIN

Why not ask your accountant?

Kees


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too embarassing!

by BerthaRoseMcLAUGHLIN - 2/9/13 9:04 AM

In Reply to: That's a basic question about book-keeping. by Kees_B Moderator

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


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Re: bank deposit

by Kees_B Moderator - 2/10/13 6:40 AM

In Reply to: bank deposits in Simply Accounting by BerthaRoseMcLAUGHLIN

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 - 2/10/13 11:37 AM

In Reply to: Re: bank deposit by Kees_B Moderator

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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