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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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Payment Type: Withdrawal / Payment
Withdrawal Type: Refund to Lawyer / Notary
Transaction Date: Date of transfer
Cheque Date: Same as the transaction date
Method: Electronic Funds Transfer
Withdrawal Amount: Amount to send to Lawyer / Notary
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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 the commission GL account.
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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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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.
| Info |
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Remember the accrued account in step 3. |
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Apply the amount in the debit section with the GL account.
Click on Add to accounting entry
Click on Submit
Your EFT is now ready to be sent out.