Learn how to:

• Create a deposit
• Apply a deposit to an invoice or invoices

Create a deposit

To record your first deposit in Flare, do the following:

1. Click Bank (1 below) in Flare’s main menu, then click the bank account dropdown menu (2) and click the name of the financial account where you’d like to record a deposit (3).
   
   
   
   The Flare bank/financial account will be displayed.
   
   
2. Click the Create Deposit button (4 below).
   
   
   
   
3. In the deposit form, the account and transaction date are populated (though they can be changed). Enter a reference number (5 below).
   
   
   
   
4. Select a chart of accounts category (6 above), select or create a payee on the fly (7), enter the deposit amount (8), select or create a tax on the fly (9) or choose “non-taxable” and enter an optional internal note (10).
   
   
5. Click the Save button (11 above).
   
   

Apply a deposit to an invoice or invoices

If the deposit you create is a payment on an invoice or invoices, you can apply the deposit directly to the customer’s accounts receivable by doing the following:

1. Click Bank (1 below) in Flare’s main menu, then click the bank account dropdown menu (2) and click the name of the financial account where you’d like to record a deposit (3).
   
   
   
   
   The Flare bank/financial account will be displayed.
   
   
2. Click the Create Deposit button (4 below).
   
   
   
   
3. In the deposit form, the account and transaction date are populated (though they can be changed). Enter a reference number (5 below). Select Accounts Receivable as the Account category (6 below).
   
   
   
   
   
4. Select an invoice on the fly (7 above ) that the deposit will be applied to, enter the deposit amount (8), select or create a tax on the fly (9) or choose “non-taxable”.
   
   
5. If the deposit applies to more than one invoice, add another item by clicking Add Item(10 below).
   
   
   
   
6. Enter an optional internal note (11 above) and click Save(12).