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Enter accounting transactions

Check summary memo examples

You can create Check Summary Memo type transactions for your clients in the
Enter Transactions
 screen. The application uses check summary memos to group printed and handwritten checks and payments for a bank account, journal, and posting period into 1 credit distribution.
Transaction-based reports, such as the General Ledger report, display the check summary memo as 1 cash entry distribution instead of listing the individual distributions for each check and payment.
  • The Check summary memo type won’t be available if the
    Enter Transactions
     screen is in Bank Account mode.
  • Checks can't be added to an existing Check Summary Memo transaction.
  • Printed checks can be summarized in the general ledger by selecting a summarized Journal Entry Format within Report options of Print Reports from File.
  • You can use the
    Distributions
    ,
    Notes
    , and
    Events
     tabs on this screen to enter and review information that may be helpful with the check summary memo transactions.

Example

If you have the following checks and payments:
acs-example of checks and payments
The General Ledger report displays the credit distributions of the checks and payments individually.
acs-general-ledger-report
If you create a Check summary memo type transaction for the selected bank account, journal, and posting period, the application automatically calculates the transaction amount by summing the amounts for those checks and payments.
acs-check-summary-memo
The General Ledger report lists a single credit distribution with the summary amount.
acs-single-credit-distribution

This article applies to:

  • Product: Workpapers CS
  • Subject: Journal entries

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