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Collection - How do I deposit a Check received from the city as reimbursement for taxes?

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Everything that has to be deposited must first be collected.

 

What you have to do is to collect the check received and credit the expense account "Taxes". 

 

•So, use the menu : Transactions>Collection by Checks or Cash

 

•Click on the choice "Show all accounts (except Payables)" to display all accounts.  Click on ''Refresh'.

 

•Click on the expense account "Taxes", and key the amount in (and the check number if you want) 

 

•Process

 

Now, your check is recorded into the deposit.  It will be deposited the next time you will produce your deposit slip for the bank. 

 

Of course, all entries will have been correctly done and your taxes have been reduced accordingly.