Select for Deposit

[DonaldFish]

I am somewhat confused how to handle receipts. I go to Select for Deposit...select the check(s)...save it. But then what? It is not in a cash account. It is not in an asset accout. What are the next steps? And is there a way to un-Select for Defosit? Thank you.

[Unregistered]

I have been doing some research and I think the answer lies in reconciling my Cash on Hand account. However, the documentation on this is sparse and the Account Reconciliation screen is not intuitive. I am also concerned because some checks are deposited, as an Owner’s Draw, into my personal account; and some receive cash back—so I do not want all checks deposited fully in my Regular Checking Account. Help would be appreciated.

Also, does the Select for Deposit screen do anything more than mark selected checks for deposit under a single deposit ticket? Or are accounts being adjusted in the background? I have noticed that if I reconcile the Cash on Hand account, the checks are listed anyway, just without a reference number. Is the middle step (i.e., Select for Deposit) unnecessary in proper accounting?

Thank you.