Pay multiple customer invoices with one deposit

Question

I ship orders out COD via Canada Post and then receive one direct deposit to the bank account from Canada Post for the lump sum of all the COD orders for that period. The payments in the lump sum deposit pay for multiple invoices for multiple customers. How would I go about inputting this properly and paying the invoices in Sage 50 Quantum so that everything reconciles correctly?

Roger L · Accepted Answer

if you don't have one, create a Canada Post bank 
pay all the invoice(s), depositing into the CP bank 
when done, transfer the CP lump sum from the CP bank to the real bank account 
if the CP bank balance is not zero, you missed / duplicated a payment

Sage 50 Canada

Pay multiple customer invoices with one deposit

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