What type of transaction would an owner record in their accounting software after depositing customer payments into the business's bank account?

The correct choice is the bank deposit. When an owner deposits customer payments into the business's bank account, this transaction needs to be accurately recorded to reflect the inflow of cash into the business. A bank deposit entry captures the increase in cash assets and ensures that the accounting records align with the actual bank balance.

By classifying this transaction as a bank deposit, it allows the business owner to maintain a clear record of all cash inflows, which is crucial for financial reporting and cash flow management. This entry typically includes details such as the source of the payments (i.e., customer payments), the amounts received, and any references needed for tracking purposes.

The other options represent different scenarios. A bank transfer refers to moving money between accounts but does not apply to the receipt of payments from customers. A customer receipt might seem related, but it's more about documenting the transaction at the time of payment, often used for bookkeeping purposes rather than directly related to the electronic deposit in the bank account. Revenue recognition is an accounting principle that determines when revenue is formally recorded, which is relevant after the customer payment is received but does not directly capture the action of depositing that payment into the bank account.