This module supports the functionality to prepare and record Bank Deposit Tickets, often found in check centric markets like the US. It allows users to select various customer payments and receipts and bundle them into a Deposit Ticket. This would be used to support the following activities: Depositing multiple Checks into your bank account under one deposit ticket, and Deposit Checks and Cash into your bank account from multiple customer receipts or payments. This module can be used for any “bank transaction” centric process including: Paypal, Bank Accounts, and even credit cards – which tend to deposit funds by bundled transactions versus individual checks. By combining payments and receipts into deposit tickets, and using this module to manage the general ledger entries, it will streamline the bank account statement reconciliation process (defined as: comparing your bank account transactions versus the recorded transactions in OpenERP for audit and financial control purposes).
This module also tracks who prepared the Deposit Ticket, and the user who verified the deposit ticket. In addition to the following: Method of Deposit (e.g. ATM, Night Drop, Teller, Remote Deposit Capture, Online Deposit Capture); Bank Tracking number (e.g. TLR#3 BC#47331 REF#94849303938) ; Date of Deposit, Deposit Bag #, etc.
We recommend users add to their GL Chart of Accounts a new Other Current Account named Undeposited Funds, as well as a new journal to post payments to with the Undeposited Funds on the debit side of the transaction.
Why is this module needed?
OpenERP by default is designed for more electronic transaction management – driven by its heritage in Europe when EFT (electronic) transactions are more readily used – versus Check centric transactions. In electronic transaction management – bundled deposits don’t typically occur as payment transactions typically are displayed individual on statements.
This module is seen as a prerequisite to support efficient Bank Account Statement Reconciliation found in the US and other countries.
Table of contents
Usage
As a preparer:
- Go to Accounting > Customers > Deposits
- Create a new deposit
- Select the account to deposit from
- Select the journal for the bank account to deposit to
- Click on «Add Deposit Items»
- Select the payments or transactions to deposit
- Save and click «Ready for Review»
As a verifier:
- Go to Accounting > Customers > Deposits
- Open the deposit to review
- Review the deposit
- Print the report
- Go to the bank to make the deposit
- Click on «Process» when the deposit is done
Bug Tracker
Bugs are tracked on GitHub Issues. In case of trouble, please check there if your issue has already been reported. If you spotted it first, help us to smash it by providing a detailed and welcomed feedback.
Do not contact contributors directly about support or help with technical issues.
Credits
Contributors
- Nova Point Group
- Sandy Carter <sandy.carter@savoirfairelinux.com>
- Maxime Chambreuil <maxime.chambreuil@savoirfairelinux.com>
- Dave Burkholder <dave@thinkwelldesigns.com>
Open Source Integrators <https://www.opensourceintegrators.com>
- Maxime Chambreuil <mchambreuil@opensourceintegrators.com>
Maintainers
This module is maintained by the OCA.
OCA, or the Odoo Community Association, is a nonprofit organization whose mission is to support the collaborative development of Odoo features and promote its widespread use.
Current maintainer:
This module is part of the OCA/bank-payment project on GitHub.
You are welcome to contribute. To learn how please visit https://odoo-community.org/page/Contribute.