Learn how to verify total outstanding deposits.

1. Add the total outstanding deposits from the previous month to the total deposits from this month. (Hint: Use the A/R Cash Receipts G/L Distribution Report to obtain the total deposits for this month.)
2. To this sum, subtract the total cleared deposits; the result equals this month's outstanding deposits.
3. Record any wire transfers in Cash Management and run the update.
4. Record any miscellaneous fees in Cash Management and run the update.
5. Out of period transactions must be recorded (and reversed) in another period, otherwise the account will not balance.