Good day Ally,

The account that should be used as the Receipt Control Account should be a Balance Sheet account, allocated to Accounts Receivable. We however recommend that you confirm this with your Accountant as they will be able to advise you accordingly.

Use the Deposits Journal as the Entry Type.

I hope that you find the above helpful in resolving your query.

Could you kindly verify or reply and let us know if the solution provided worked.

Regards,

Hello ,

I cannot find the Deposit Journal entry, would you care to guide me the details to fill for that entry type.

Regards,

Hi Ally,

Create it by going to Setup | Entry Types. Please see an extract of how it is setup in the DEMO company:

Regards

Hello Maps,

That's awesome.

I appreciate and thank you so much for your assistance.

Regards,

Ally