What’s the best way of doing this? Want to log the cheque received so clients get notified and it doesn’t affect their pay history but haven’t deposited cheque to bank now.
I have bank feeds enabled now so I’ll have to go and detach payment and reattach when I deposit the cheque.
Is there a way round that?
There’s no definitive way of doing this in QuickFile. However, a common method is to create a Cheque Holding bank account and treat it like you would petty cash - tag the money coming in there when it’s received, and then tag it to the bank when it’s cleared.
This topic will remain open for a few days, so other users may have better suggestions to add
That sounds like a good way of doing it. I’ll see if anyone else comments.
Thanks for the quick reply!
I have a cheque holding account set up in my QuickFile which I use both ways round - if I receive a cheque payment I tag it to the holding account on receipt, then transfer from the holding account to the bank when it is paid in and cleared, and when I write a cheque to pay a supplier I mark the purchase as paid from the holding account, then a bank transfer from current account to the holding account when it shows up on my bank statement.
Thanks Ian, I think I’ll set up a holding account in this way…
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