Do I Really Have to Use Deposits?

Although technically not required, we highly recommend clients use Deposits as a Best Practice in order to ensure payments are posted correctly to the bank.  When receiving payments, you could post the payment directly to your bank account (e.g. 10005-00) rather than your Check Clearing Account (e.g. 10099-00) but this bypasses an important process that should be used internally to ensure all funds are deposited to the bank correctly.

See the link below for a 20-minute video on the Best Practices for Bank Deposits:

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