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Cash Sale Undeposited Funds

edited Apr 1, 2024 5:49PM in Ask A Guru 5 comments

Hi,

A cash sale order is created. The customer payment goes to undeposited funds. Once we receive confirmation that the customer payment has been deposited to our bank, we now want to update the cash sale order to deposited funds. Is possible to update the cash sale order to deposited funds if the bank deposit occur in the next month? Will the deposit post to the open accounting period? Does the cash sale order have to stay open in order for the order to be updated to deposited funds.

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