Pastel Partner V18 Bank Reconciliation

[KBMoyo]

How do I account for undeposited receipts or deposits in transit in Pastel partner

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[Alec Candiotes]

Hi KB

Just to clarify are you referring to amounts received physically in cash or by cheque which is still in your till / petty cash and that now needs to be deposited at your bank by you?

If so I recommend that you deal with it as a POS / petty cash cash book in Pastel. You open a seperate cash book for this and account for this in this cash book. Once you deposit it you then transfer it out of this cash book into your normal bank cash book and then you can handle it in the normal cash book recon until it reflects on your bank statement.

Does this answer your question?

[KBMoyo]

Thanks, it's like it's already in the main Cashbook, do you mean that I can transfer the unbaked receipts to Petty cash book then when it is deposited to the bank I therefore transfer it back to the main cashbook

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[Alec Candiotes]

Yes, correct. That is how I would account for it.

Kindest regards,
Alec Candiotes CA(SA), MComTaxation