Transfer Advance Deposits to A/R

Use the Transfer Advance Deposits function to search for students who paid a deposit. Those students will have their deposit amount transferred from the deposit or liability account to the A/R account. You must specify both accounts when you run this function.

The transactions are placed in a group with a source code of TP. The amount can be specified or the system automatically uses the amount entered on the Student Master row.

The following table shows the transactions that are created. Each of Tom's deposit accounts is debited, and Tom's A/R subsidiary account is credited. Since you can specify only two account numbers (the debit and credit accounts), you should run the function twice -- once for the housing deposit and once for the tuition deposit -- in order to get the transactions shown.

Date	G/L Account	SBS	Transaction Description	ID Number	Amount
09/16/10	01-01-2550-2550	DH	Housing deposit	000000001	100.00
09/16/10	01-01-1020-1200	AC	Housing deposit	000000001	100.00-
09/16/10	01-01-2550-2555	DT	Tuition deposit	000000001	200.00
09/16/10	01-01-1020-1200	AC	Tuition deposit	000000001	200.00-