Financing wise it may be smart to put some money standing on your bank account to deposit accounts so they would earn you higher interest. Provided that you still may be in the need of those funds you’ll probably put them on the short term deposit accounts meaning in about 2-3 months you will be given back the money. When making these transactions, on the balance sheet you do the following entry:

Dr Short term deposits

Cr Bank accounts

With this entry you move your funds from one balance sheet line to another thus showing it clearly that those funds are not as liquid as resources on bank account. When the bank account can be easily used, the deposits usually have a short term notice for any preliminary withdrawals as well as probably fines etc for any preliminary transactions happening before the due date. On the balance sheet those deposits are shown on a separate line from bank accounts as long as they are deposits. When the term is over, the following entry is made:

Dr Bank accounts

Cr Short term deposits

With this on the balance sheet is now clearly shown that those funds are again liquid as cash.

Those deposits have a specific term and you will be given back the exact amount that you deposited. As such, when the term is usually equal to or less than 3 months, they are considered as a part of cash and cash equivalents on the balance sheet. They are on different balance sheet account, but always considered as a part of cash and cash equivalents group.