Bank Categories
(3337)
The Undeposited Funds Category applies to money that has been received but not yet deposited. Postings are created for this category when you Receive Money from Customers or when you generate Deposits. This Category cannot be changed after use and is grayed out. Its Account Type should be Current Asset.
The Default Other Expense Category applies to miscellaneous payments. You can override the default value for individual miscellaneous payments. This default will usually be Miscellaneous Expense. Its Account Type should be Expense.
The Default Miscellaneous Receipts Category applies to miscellaneous income. Postings are created for this category when you generate a miscellaneous receipt. This Category will usually be named Other Income. Its Account Type should be Income.
The Bank Fees Category applies to fees you pay to your bank. Postings are created for this Category when you generate a Reconciliation that has a bank fee. Its Account Type should be Expense.
The Bank Interest Category applies to the interest payments you receive. Postings are created for this Category when you generate a reconciliation that has bank interest. Its Account Type should be Income.
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