logorms 
Update Tip : 110
  

The Undeposited Funds report is a list of payments that you have entered into RMS.

 This list of posted payments on the Undeposited Funds report should match a list of transactions to deposit in your bank.  Always check the list of posted payments against your deposit slip for the bank plus your credit card transactions.  Most users would want to review this information for correctness prior to processing the deposit entries.  The Undeposited funds report can be printed as many times as needed and corrected if needed before it is processed.

Your NEXT step is to "process"  all the entries on the Undeposited Funds Report or tell RMS that you can confirm the money is in the bank you run the Deposit Report.

Remember: Credit Card transactions should ALWAYS be matched up with your merchant processors reports such as the Batch Summary Report.

  Questions?
Processing Payments   

 
How do you know that the payments you enter in RMS equal the money you have in your Bank?

You enter payments in RMS as check/cash or credit card.
 

When you choose the check/cash method of payment you then must deposit that money in your bank.  When you process a credit card through RMS your merchant process0r transfers the payment to the bank.


FIRST print or view the Undeposited funds report. 
 
Processing Credit Cards
RMS users who process credit card payments through RMS transmit payment information securely when a reservation is booked.  The credit card transactions on the Undeposited funds report should be matched with a report from the merchant processor such as the online Batch Summary report. Contact your merchant processor if you need assistance with reporting in SlimCD or VRP
Making Deposits

The Deposit menu is located in Accounting.  You do not have to have Advanced Accounting to run the Undeposited Funds report or the Deposit Report

Stay Connected
Like us on Facebook    Follow us on Twitter    View our videos on YouTube    Find us on Google+