Deposit Link Record For Free

During his 25+ years as an agent, broker, and owner, Jay Rooney experienced first hand the inefficiencies and liabilities caused by paper checks and risky bank wires.

With DepositLink Pay, clients can initiate payments from your website or custom Pay link in minutes, anywhere on any device. Payments up to $500,000 can be processed in one transfer, and good funds clear in as little as 24 hours with no cost to escrow holders.

Is DepositLink secure? Yes. We have invested significant resources to ensure our clients' money is safe and secure.

When the payment is made, the company will debit cash and credit the customer deposit account as a current liability. After completion, the company will then debit customer deposits and credit sales revenue with the same amount.

Fast, secure, digital payments for real estate. Eliminate paper checks and risky bank wires from your business at no cost.

DepositLink Pay is a one-click secure payment solution designed to take the complexity out of real-estate transactions. Clients can make digital payments in minutes with no cost to brokers, agents, landlords, title companies or attorneys.

Does DepositLink send wire transfers? No. DepositLink utilizes the Automated Clearing House (ACH) network or Real-Time Payments (RTP) to transfer money securely.

Depositing cash into a bank account is usual practice cash generated through sales proceeds is usually deposited into the bank. This is called a contra entry because this transaction does not create any result in business, and it is only an internal moving of cash from cash-in-hand to cash at bank.

The money deposited into your checking account is a debit to you (an increase in an asset), but it is a credit to the bank because it is not their money. It is your money and the bank owes it back to you, so on their books, it is a liability. An increase in a Liability account is a credit.

How to record a bank deposit - YouTube YouTube Start of suggested clip End of suggested clip Given to us by a second customer we're depositing both payments at the bank. So I'll add a checkmarkMoreGiven to us by a second customer we're depositing both payments at the bank. So I'll add a checkmark next to each transaction. Now we see that the total deposit is 125.