Deirdre,
This is what we do in 9.04.507A. It may not be the most elegant
solution but it works for us. First you have to set up a bank fee type
in Accounts Receivable>Setup. You also have to set up a Bank Fee GL
Control listing the expense account that you want to charge the wire
fees to and relate it to the bank fee code that you set up.
1.) We select new invoice payment in the amount of the invoices to be
paid - not the amount of the cash received.
2.) When that amount is applied to all the invoices being paid, we
select "New Bank Fee"
3.) On the screen that appears, click the bank fee button and select
the back fee that you had set up for this from the search.
4.) Enter the amount of the bank fee and click save.
The above will produce a debit to cash and a credit to accounts
receivable for the amount of the invoices applied. There will also be a
debit to expense and a credit to cash for the amount of the wire fee.
The net entry to cash is the amount of cash that was received. Let me
know if you have any additional questions. Others may have a different
solution.
Tim Hager
Controller
Diba Industries Inc.
tim.hager@...
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Deirdre T
Sent: Friday, May 04, 2012 12:03 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Applying Credit Card Fees or Wire Fee on Cash
Receipts
We are on 9.05.606.
We have customers that pay us via wire and when the amount is received
by the bank the amount received is than the invoice amount due to wire
fees being deducted. When booking the cash receipt, we want the amount
received to post to the bank, AR would be credited for the entire
invoice amount and the fees would go to a Wire process fee account.
Can someone please help with the best way to accomplish want we want?
Thanks,
Deirdre Sykes
********************************************************
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version.
********************************************************
[Non-text portions of this message have been removed]
This is what we do in 9.04.507A. It may not be the most elegant
solution but it works for us. First you have to set up a bank fee type
in Accounts Receivable>Setup. You also have to set up a Bank Fee GL
Control listing the expense account that you want to charge the wire
fees to and relate it to the bank fee code that you set up.
1.) We select new invoice payment in the amount of the invoices to be
paid - not the amount of the cash received.
2.) When that amount is applied to all the invoices being paid, we
select "New Bank Fee"
3.) On the screen that appears, click the bank fee button and select
the back fee that you had set up for this from the search.
4.) Enter the amount of the bank fee and click save.
The above will produce a debit to cash and a credit to accounts
receivable for the amount of the invoices applied. There will also be a
debit to expense and a credit to cash for the amount of the wire fee.
The net entry to cash is the amount of cash that was received. Let me
know if you have any additional questions. Others may have a different
solution.
Tim Hager
Controller
Diba Industries Inc.
tim.hager@...
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Deirdre T
Sent: Friday, May 04, 2012 12:03 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Applying Credit Card Fees or Wire Fee on Cash
Receipts
We are on 9.05.606.
We have customers that pay us via wire and when the amount is received
by the bank the amount received is than the invoice amount due to wire
fees being deducted. When booking the cash receipt, we want the amount
received to post to the bank, AR would be credited for the entire
invoice amount and the fees would go to a Wire process fee account.
Can someone please help with the best way to accomplish want we want?
Thanks,
Deirdre Sykes
********************************************************
The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. If you are not the addressee, any disclosure, reproduction,
copying, distribution, or other dissemination or use of this communication is
strictly prohibited. If you have received this transmission in
error please notify the sender immediately and then delete this e-mail.
E-mail transmission cannot be guaranteed to be secure or error free as
information could be intercepted, corrupted lost, destroyed, arrive late or
incomplete, or contain viruses.
The sender therefore does not accept liability for any errors or omissions
in the contents of this message which arise as a result of e-mail
transmission. If verification is required please request a hard copy
version.
********************************************************
[Non-text portions of this message have been removed]