The Default Deposit field is used as a reference for depositing payment batches with financial institutions. This field functions differently than the Deposit Number field in prior versions. Previously, the Deposit Number field stored a deposit reference for an entire batch of payments. Current versions have the new ability to store a deposit reference for each individual tender within a batch. If a value is entered in the Default Deposit field, then each tender created within the batch will automatically have the Default Deposit value as its deposit. The tender's deposit can be overwritten at the time of entry, but setting a Default Deposit can be utilized to save data entry if the majority of the tender deposits will be the same and it ensures that every tender in the batch has a deposit. If it is desired that different tender types (CHECK, CASH, CREDIT CARD, etc.) have separate Default Deposits, these values can be set when adding a new batch or updating an existing unreleased by entering a Default Deposit and then clicking Overrides and entering the desired Deposit Reference for each Deposit Tender Type (then click Accept and Accept again). |