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Reconcile bank charges

Reconcile bank charges

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

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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