Once the Banking module has been reviewed and all figures verified, the final step is to declare the banking deposit for the trading period. This is the physical amount of cash being deposited to the bank.
How to Record a Deposit
To record a banking deposit, click New Deposit in the Banking module. You will be prompted to enter the following:
Deposit Reference — A reference for the deposit, such as your name or the quick deposit bag reference number
Amount — The amount being declared as the banking deposit
Date — The date of the deposit
Comment / Note — An optional note providing any additional context for the deposit
Banking the Full Amount
In most cases, the deposit amount will equal the Final Banking Figure in full. This is standard practice and ensures the venue's cash position is correctly reconciled against the bank.
Withholding Banking Funds
In some situations — for example, ahead of a busy trading period — a venue may choose to withhold a portion of the banking funds to maintain adequate safe holdings. If funds are withheld from the deposit, the amount held back should be recorded as a separate line item in the Safe Holdings module to ensure the safe balance remains accurate.
Note: The banking deposit declared in TakeSheet should match the physical deposit lodged with the bank. Any discrepancy between the declared amount and the actual bank deposit will create a variance that will need to be investigated and resolved.