How do I record a deposit that is not paid to an Invoice?

  • Updated
Sometimes deposits into your Operating Account are not client-related. This could include owner's contributions, donations, interest deposits, or any other payments coming into the firm that are not payments to a client invoiceThese deposits can be recorded in different ways.
Journal Entry
Debit the Operating Account that is being deposited to and credit the appropriate General Ledger Account from the chart of accounts the deposit aligns with when you create a journal entry.

General Deposit

CARET Legal also has a formal "Deposit" feature that can be accessed from the Accounting module:
  1. Click + on the action bar under the Invoices & Payments tab to open a menu:

  2. Select General Deposit under Payments to display the General Deposit modal:

  3. Complete the required fields marked with a purple bar and any optional fields.

  4. Click Apply & Close to record the deposit to the register.
The deposit feature will allow you to select "Undeposited Funds" as the "To Account" for the purposes of creating batch deposits. You can also match activity from your Download and Review feed to these deposits.

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