We use BankRec to enter and post our cash receipts. Some affect Receivables, but many do not. We have a bad habit of forgetting to go into Receivables and post the cash batches after posting the BankRec batches. Is there a setting in either BankRec or Receivables to do these automatically/directly to the Receivable when posting in BankRec like some payables items are affected directly/automatically?

Hi Barb,

Sorry, there is no direct posting option in Receivables for the BankRec receipts.

Why not do your cash receipts in Receivables? You can enter Miscellaneous cash receipts there - just don't enter a customer number. Payment methods control how the batches are created in BankRec. That way your cash receipts are applied immediately to the customer account, whether or not you do a bank deposit for the day.

If I did the entry in Receivables, how would I group what was deposited together for matching in BankRec? We receive money in many different ways, interac, credit cards, pre-authorized payments, deposits from different locations at different branches creating multiple deposits in a day.

Hi bd,

In Receivables, there are Payment Methods that are assigned to each cash entry, to specify how they are organized when retrieved into BankRec. Here is a short video that describes the process of setting this up (about 4 minutes long).

Another idea is for a Receivables user to have the User Preferences configured to auto-open Cash Batches, so that there is immediate feedback that unposted Cash batches exist.