Bank Deposits report (v2)
Disclaimer
This article is only for the latest version of Zenoti Reports. Do not compare the data in this version with the data in the previous version.
Zenoti Payments is an easy way to accept credit card transactions in-store and online. To deposit the processed payments into the business's bank account, set up Zenoti Payments, and create a schedule in the Stripe account.
Accountants can use this report to reconcile the collections at a center with the bank deposits.
Deposits: The first bank deposit is made after 7-10 days of a payment transaction. And, the subsequent deposits are made as per the schedule created in Stripe.
2-day rolling: Bank deposits are made two days after the transactions are processed.
Partial deposits: Banks process deposits according to UTC, which could be the reason the amount deposited in your bank account is less than the amount processed on a particular date, it’s most likely that some transactions were done after the cut-off time on that particular day. The difference amount is deposited along with the transactions of the next day.
Example: If the bank deposit on Thursday is less compared to the related transactions processed on Tuesday, it means that some transactions took place after the cut-off time on Tuesday. The amount for these transactions is deposited in your bank account on Friday along with your Wednesday transactions.
Single deposit for multiple transactions: All your card transactions on a particular day are consolidated and deposited as a single bank deposit.
Example: If on a Tuesday you processed 10 card payments worth $1200, a single bank deposit of $1200 is made on Thursday. You will not see individual deposits of each of the transactions.
Here is how it appears on the bank statement for January 17th:
Notice that you do not have multiple deposits for January 17th. There is only one deposit for the three transactions.
Multiple Stripe Accounts and 1 Bank Account: If you have multiple Stripe accounts which deposit the amount into a single bank account, by looking at the Bank statement, you will not be able to identify the Stripe account associated with a deposit (payout).To visually identify the Stripe account making the payout to your Bank account, contact Stripe and ask them to add a Payout Statement Descriptor for each of your Stripe accounts.
At the organization or center level, click the Reports icon.
Note: The Bank Deposit report is currently available only for Adyen customers. To access the report, users must have the Bank Deposit Report permission (permission must be enabled for the Manager role from the organization level in the Zenoti Payments section).
On the Reports page, search for and select the Payment- Bank Deposit report.
If the report has many columns, scroll horizontally to the right or left to view all columns.
To view specific data on the report, select the desired filters. For more information, refer to report features on Zenoti.
Click Refresh.
If you generate the report for over a year, click the Email button.
Column | Description |
|---|---|
Deposit Date | Date on which the amount was deposited to the business's account. |
Guest Code | Unique code that identifies the guest |
Guest | Guest whose card was charged |
Gross | Total amount charged to the guest’s card |
Fee | Amount charged for the card transaction |
Net | Amount deposited into the business's account after deducting the processing fee for the transaction Net = Gross - Fee |
Transaction ID | Unique code that identifies the transaction made at the center |
Payment ID | Unique code that identifies the payment made to the business's Stripe account for the transaction |
Transaction Date | Date on which the guest’s card was charged at the center |
Transaction Type | Transaction is a sale or refund |