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| Note |
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Before starting this section, make sure that he banking information in the Notary/Lawyer contact page has been insertedcompleted. Contacts > Lawyers / Notaries |
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You’ll see the amount at zero, however this amount needs to be assigned somewhere in order to link it with the commission account.
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3. Accounting > Cash Receipt
Add a cash receipt
Cash receipt type selection: Other Payment
Complete the mandatory fields
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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:
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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
Add a New Payment of outside supplier account
Complete the following fields:
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Apply the amount in the debit section with the corresponding GL account.
6. Submit
Your EFT is now ready to be sent out.