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Transaction Date: Transfer date
Bank GL Account: Choose Commission Account
Payment Method: Cheque
Cash Receipt Amount: Same as in Trust Amount
Description: Enter transaction number and address
*Exempt Taxes
GL ACCOUNT:
Add a GL account where the money will be sitting “temporarily”. If the accountant can create a new GL for this step that would be great if not simply use accrued account 250102* (remember this account for final step)
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4. Accounting > Accounts Payable > Payment Outside Supplier Account
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Payment Type: Third-Party Payment
Payment date: Select date
Payment Amount: Enter amount
Bank Account: Choose Commission account
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5. In the “Detail of the accounting transaction of Out Supplier Payment” section you’ll see the amount entered on the previous page. However now you must connect it with account back a GL account.
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Remeber the accrued account in step 3. |
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Apply the amount in the debit section with the corresponding GL account.