Deposit in Bank (as Loan)

Problem: How to place a deposit in a bank and receive it back?

Solution: Create a loan to the bank with a Long-Term Credits and Load option.

1. To receive access to bank operation, enable option Long-Term Credits and Loans on the Administration > General Settings > Settlements > Enable Long-Term Credits and Loans.

2. To send deposit to a bank, please create Bank Payment and choose corresponding bank, cash flow and Transaction Type - Loan Issue:

See also 6.2.2.6. Bank Payments (Loan Issued)

In this way, deposit is placed in the bank:

3. To return deposit from the bank, please create a Bank Receipt with the similar data as deposit was placed.

Choose Transaction Type - Loan Payment. Set a previous Bank Payment as a Basis.

See also 6.2.1.6. Bank Receipts (Repayment of Loan Issued)

On the Payment Details tab, add Loan Document (Bank Payment made) and Contract, as they are mandatory fields.

In this way, deposit is returned from the bank.

To receive the accrued deposit interest, create a Bank Receipt with correspondence GL account Financial Income:

Important! The manual is relevant for release 2.1.1.20 and lower.  #Loan issued 

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