How to manage batch deposits of checks?

How to manage batch deposits of checks?

When your company's collections group receives checks from customers they will often place this money into their bank account in batches. As this money has been received in a physical form, someone in your company must manually bring the checks to the bank.

The bank will ask for a deposit ticket (also referred to as deposit slip) to be filled-in with the details of the checks or cash to be included in the transactions.

The bank statement will reflect the total amount that was deposited and the reference to the deposit ticket, not the individual checks.

Odoo assists you to prepare and print your deposit tickets, and later on reconcile them with your bank statement easily.