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Reconcile bank charges

Reconcile bank charges

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

How to reconcile bank charges incorrectly deducted from the client/trust account

1. Mark as bank charges option

After importing the bank statement, access Bank Reconciliation

From Statement Items:

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

  • Select Mark as Bank Charges

 

2. Raise an agent invoice to pay bank charge

  • Click Yes

 

3. Complete the reconciliation

  • Click Post (bottom of screen) to finalise

This creates a recovery payment from the agency fees to cover the cost of the charges being deducted from the account

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