The other option you can run to transfer the deposits is the Transfer Subsidiary Balances function. While this option will not use the Advance Deposit Paid column on the Student Master table to select students who made a deposit, you can create an InfoMaker query to do so.
You can use this option to transfer either a set amount or the entire balance of a subsidiary to another account. Generally you would select a certain subsidiary account, such as the liability or deferred income account, and transfer the balance to the regular A/R subsidiary.
Can I override the G/L account number on the Receipt Entry window?
How do I create checks for students with credit balances?
How do I correct wrong subsidiary accounts on receipts?