Defining a deposit

Use the Deposit node in the Line Item Setup tree to define two different types of deposits. A basic deposit is any deposit charge that your agency requires for billing accounts. When you add deposit charges to accounts, you can select from the existing deposit line items. You can also set up an initial deposit charge for new business accounts.

  1. Select Billing > Setup > Billing > Line Item Setup.
  2. In the Line Item Setup tree under Sundry or Utility, right-click the Deposit node and select Create Deposit Setup.
  3. Specify a name, description, and effective date for the line item.
  4. Specify the rate code to use to calculate deposits in the Rate Code field.
  5. Click Save.