Here are the steps to follow to reimburse a notary / lawyer by EFT with the In Trust amount.
Trust account
In the trust account tab, create the deposit amount (if not already done)
2. Add a withdrawal to pay notary
Complete mandatory fields
Payment Type: Withdrawal / Payment
Withdrawal Type: Refubd to Lawyer / Notary
Transaction Date: Date of transfer
Cheque Date: Same as transaction date
Method: Electronic Funds Transfer
Withdrawal Amount: Amount to send to Lawyer / Notary
SAVE AND CLOSE
You’ll see the amount at zero, however this maount 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
Add Comment