Bank Deposits

One definition of a "deposit" is "money from a customer to a company before the company earns it". That's not what we mean by "deposit" here.

Sometimes a customer will pay you once (like send you one check or ACH payment) for multiple invoices. This shows up in your bank account as a "bank deposit", and this is the definition we're using.

Deposits need to be split and distributed into smaller "payments" over one or more invoices to log those invoices as paid. This Bank Deposits tool helps you do that.

Create a Bank Deposit

On the Dashboard, navigate to New Deposit.

See video for more info.