What Happens When You Post a Receipt to a Deal?

When you post a receipt to a deal in Navigator:

• The deal or debtor is updated.

• The receipt is recorded against the deal (e.g. vehicle stock record, workshop job).

• The outstanding balance on the deal is reduced.

• The opposite side of the entry is posted to a nominal account, depending on the payment method.

How the Opposite Entry Is Posted

The nominal account used depends on how the money is received.

Cash, Cheque, or Debit Card

• The opposite entry is posted to the till nominal account.

• Example nominal: 1.30.60.0 for new vehicles (or 1.31.60.0 for used vehicles).

• The first digit (1) is the branch number. This varies by branch.

Result:
The money sits in the till account until it is moved to the bank as part of your cashing-up process.

Direct to Bank (e.g. BACS, Bank Transfer)

• The opposite entry is posted to nominal 0.0.60.6.

• This is the central bank receipt nominal.

• Used when the payment goes directly into the bank account, bypassing the till.

Result:
The money is treated as banked immediately.

How Do You Bank the Money?

For Cash / Cheque / Card (via the Till)

1. The receipt posts to the till nominal (e.g. 1.30.60.0).

2. During cashing-up or paying-in:

   • Your accounts team transfers the balance from the till nominal to the appropriate bank nominal.

   • This reflects that the funds have been banked.

For Direct-to-Bank Payments

• Nothing else is needed.

• The receipt is already posted to the bank nominal (0.0.60.6).

• It's considered banked at the point of posting.