Lesson60 seconds
What is Deposits in Transit?
Money you recorded as deposited that the bank has not yet credited.
Step 1 of 9
Simple Definition
Deposits in transit are receipts entered in the books that have not yet appeared on the because of processing lag.
Explanation level
Tap a persona to hear the same idea in a totally different voice.
Try “Like I'm 5™” for a picture-book version - not the grown-up wording above.
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