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