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Reconcile bank interest

Reconcile bank interest

Owned by Nicky Minnock
Last updated: Jun 28, 2022 by Fiona Hardy
2 min read

This guide has been reviewed against our global client base and classed as relevant to all regions

How to reconcile bank interest gained if it has been paid into the incorrect account

1. Mark as bank interest option

After importing the bank statement, access Bank Reconciliation

From Statement Items:

  • Right-click over the bank interest transaction from the imported statement

  • Select Mark as Bank Interest

 



2. Pay to the agent as bank interest

  • Click Yes

3. Finalise the reconciliation

  • Click Post to finalise

    This removes the interest from the bank reconciliation and will add the interest amount to the client/trust account total balance

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