How to reconcile multiple cash payments against one bulk bank deposit
Typically, practices will gather all cash / cheque payments and make one bulk bank deposit, either at the end of the day or every few days. Here's a tutorial on how to reconcile these payments.
This tutorial assumes you already have the following knowledge:
- Basic knowledge of your Practice Management System. eg. Best Practice, Pracsoft, Genie Solutions etc...
- Xero user knowledge including reconciling, bank statements
If you do not already have these skills, please refer to:
- Xero Central Learning
- Your Practice Management System’s Online Knowledgebase