Understanding Contribution Deposits
You have entered your first batch of Contributions. You’ve physically banded them, totaled them, and are ready to deposit them.
The Deposits tool does the same thing for your virtual and accounting records.
Deposits are the accumulated Contributions for this collection or counting period.
Let’s say that it’s Monday morning and you have input all of the Contributions data from Sunday’s collection. So that we can run better reports, find potential mistakes, and provide accurate information to the accounting department, we want to segment these Contributions. So, we make a Deposit.
Once a Deposit has been created, you can easily print off a Deposit Slip for the checks included, print a detailed list of contributions included (with total), or print off a Fund summary for the Contribution Funds included in the Deposit.
Creating a Deposit is important to help track when and how often you are collecting income or receipts.
The Deposit Page
When you’ve navigated to the Deposit page (Contributions>Deposit), you will find all of the past deposits show in the Navigation Pane.
Display Pane
The Display Pane will show summaries of the selected deposit.
At the top, you will find the Summary by contribution fund. This lists all of the funds' giving that were included in that particular contribution deposit. It also includes the amounts and number of contributions per fund.
Below is the Summary by payment method and date.
This summary includes an overview of the giving method as well as when the contribution was actually dated/given.