Money2002: Cannot Track Multiple Individual Invoices in a Single Large Deposit (822393)

SYMPTOMS

In Money Deluxe and Business 2002 when you combine the income from several invoices in one deposit and then deposit this income in your bank account, you cannot associate any of the original invoice amounts to the single deposit amount. Additionally, you cannot put all your invoice payments in one transaction by using the Payment for Invoice category with a split that indicates the different payments.

CAUSE

This issue occurs because you cannot use the Payment for Invoice category in a split transaction in an invoice. The Payment for Invoice is a special category and special categories cannot be used in splits.

WORKAROUND

To work around this issue, you either have to deposit each invoice amount individually, or you can enter the invoice payments in a temporary holding account and then deposit that in your bank account.

To make a deposit that contains several payments for invoice, you must create a Cash account for use as a temporary holding account. Then, when you enter your deposit, you have to transfer the total amount of the Payments for Invoice to the Cash account. Finally, you have to enter the Payment for Invoice transactions to the Cash account.

Create a Cash Account

In the Account Manager, click New Account.
If you are prompted about a bank or financial institution, click Next, click Cash, and then click Next.
Type a name for the account, for example, Invoice Deposits, and then click Next.
Type a zero ( 0) for the account balance, and then click Finish.