Use this function to record deposits you have made to your bank account(s). You should record each deposit after it is made. The Deposit Entry function is also used to make adjustments and corrections to the bank account for credits and charges made by the bank.
Deposits are usually made up of money received from different sources. A deposit can be posted to as many different general ledger accounts as needed to represent all the sources of the funds in the deposit. The source of the funds can be from sales, rent, refunds, collections on accounts receivable, or other sources. Each source should be recorded in a separate general ledger account which represents the ``type'' of funds collected from that source. These account types are the same types you selected when you created your chart of accounts. For example, product sales revenue should be recorded in a Product Sales type account, accounts receivable collections in an Accounts Receivable type account, etc.