30
I have received a wire transfer in the amount of $1243.00 to be applied to an invoice for $1275. The $32 difference is the bank fee that is automatically deducted. How do I apply the payment and take the $32 bank fee into consideration so it clears the invoice? I just took over the AR role momentarily and I have several of these payments to apply.
Thank you for your help!!
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Enter the cash receipt in for the full amount. If wire fee is not a separate entry in the bank, apply the cash to the invoice it belongs to, and create a debit memo to your bank fees for the remainder, and apply the remaining portion of the payment to the debit memo. If you have a lot of these, you can always map the write off account for the customer to bank fees and do this all in one shot with your cash receipts.
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