and the payments to deposit this 540870 when we make a deposit I should be able to pull those two in and group them together those two sales receipts so that I can move it out of the undeposited funds into the checking account in one group movement so that it's in the checking account in the same format as I expected to be seen on the bank statement or through the bank feeds making the reconciliation easy so let's do that now let's go to the first tab now we're it's the end of the day we're taking our money that we got from the cash register everything checks out from the cash register to our sales and we're going to go ahead and move you on shuffle on over to the bank make the physical deposit into the bank which is going to be a combination of the sales we made for the day from the cash register that are the cash sales and so if I go into here then I'm going to deposit these together at this point in time and so notice that gives us this nice little thing up top if I was making some other kind of deposit I would go down here and deposit to a particular account but the sales receipts are populating up top if I put them in the bank at the same time I'm going to make one deposit for 4500870 I know that's a lot for cash but the credit cards would work would work kind of the same and so I'm just getting the idea here of what you need to do to get the reconciliations to work so let's go ahead and save and close that this is going to increase the checking account for the dates correct and the other side is going to take the money out of that undeposited funds like account which is the deposit the payments to be deposited is what they call it so let's go to run and in the checking account now if we check out the checking we should then have the deposit there's the one deposit showing as a as a lump sum which is what we want to see because that's what's going to be on the bank statement notice it's also increasing with a deposit form not with like a sales receipt form if I entered the sales receipt directly into the checking account it would have another form in here for an increase rather than just all deposits being the increase form not a big deal if you want to use that method but you got to be kind of aware of that if you're going to sort your data to look for increases in the checking account when the increases are not all simply deposits and then the the payments to deposit has gone back down to zero that's what a clearing account does not a temporary account mind you temporary accounts like income statement accounts income and expense go back to zero after you close out but that happens on a cyclical method like yearly or monthly this is going up or down based on when whatever we used it for is done which is usually a shorter range of time it increases when we make the sale and it goes back to zero when we make the deposits so that is that one