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Accgnerd
November 19, 2021
Question

USD invoice payment with wire fee charges

  • November 19, 2021
  • 1 reply
  • 0 views

I’m struggling with matching on bank statements. So please help. 
I created an invoice for US$5500. The customer paid the full amount. But when deposited there was a wire fee charged for US$17. I tried the following two options: 

1. Mark the invoice paid in full amount to USD chequing account. But this option won’t let me reconcile with bank transaction as the amounts are not match.

2. Mark the invoice partially paid for 5433 to USD chequing. This option would let me match with the bank transactions, however, the invoice can’t be closed.

I see some people have the option of matching with other transactions but my account doesn’t have this option.

 

can someone please help? 

1 reply

LeithG
LeithG
November 19, 2021

Hi Accgnerd

 

1. Record the invoice paid from the Customers screen, using 'Undeposited Funds' as the account.

2. From the New+ menu, record a Deposit

   a. For the deposit, all payments of undeposited funds will be available for selection

   b. .On the bottom half of the screen, you'll be able to make adjustments, like for bank fees (I keep this in it's own GL account for review)

3. When the amount shows up in your bank feed, it'll match precisely and everything ties.

 

Hope this helps!

 

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