When choosing Billing->Reports->Journal Entry Export-Accrual Basis or Journal Entry Export-Cash Basis, the Deposit selection will determine how deposits done in ChamberMaster (if any) will be handled in the export.
Note: Deposits are possible in ChamberMaster when payments or receipts have been initially deposited in the Undeposited Funds account. See “Selecting Payment and Receipt “Deposit To” Account” for more information.
Exclude Deposit Transactions: If you received funds into Undeposited Funds, and then made a deposit in ChamberMaster, select Exclude Deposit Transactions if you want to perform the deposit in QuickBooks. Your payments and receipts will then display in the QuickBooks Banking, Make Deposits menu so you can create a lump sum deposit in QuickBooks and include other monies as well, if desired.
Show Deposit Transactions Individually: If you received funds into Undeposited Funds, and then made a deposit in ChamberMaster, select Show Deposit Transactions Individually if you want this deposit brought through to QuickBooks. Your total deposit amount will be posted as a journal entry on your bank account in QuickBooks.
Follow-up in QuickBooks by clearing out the “in and out” transactions in the deposits screen. Select Banking, Make Deposits and create a $0.00 deposit that includes both the positive payment amount and the negative deposit amount displayed.
Route Directly to Deposit Accounts: If you received funds into Undeposited Funds, and then made a deposit in ChamberMaster, select Route Directly to Deposit Accounts if you’d like to bypass the Undeposited Funds account and deposit directly in your bank account in QuickBooks. You will not be able to perform a deposit in QuickBooks, instead the individual payment amounts will be posted as a journal entry on your bank account in QuickBooks and on the appropriate customer account in Accounts Receivable.