Accounting Question: Difference b/w Cash Receipts, Deposits, and Live Checks?

Whats the difference between Cash Receipts, Deposits, and Live Checks from an Accounts Receivable Clerk's point of view? Thanks!|||Cash Receipts - when I hear this I think of the different ways a company may receive cash from customers/debtors/etc. These ways may include via, wire transfer, lockbox transaction, ACH Transaction, or "live check". In my mind this is more of a process (i.e. from receipt of money to deposit in bank) than just a single event.





Live Checks - an actual check received by the company. Example if you send a personal check to Master Card to pay your credit card bill it would be considered a live check. The cash clerk , AR clerk must physically key the receipt of this check into the Company's accounting system, and ensure it is deposited in the bank. All other cash receipts typically are sent electronically to the Company in questions bank account and hopefully captured by the Company's accounting system (e.g. SAP).





Deposits - I'm guessing on this but I'm going to say it's either the capturing of electronic funds transfers (i.e. ACH transfers, lockbox transactions, or wire transfers) by the Company's bank (hopefully and/or) or accounting system. Or just depositing money in the bank.