Sometimes credit card companies will withhold their transaction fee before depositing funds into your bank account. Previously, you would account for this after recording the deposit by making an adjustment to your bank account. Now you can adjust the ‘other’ amount on the reconciliation, before making the deposit.
Reconcile your cashboxes and process deposits as before, but now, before posting the deposit:
1) Right click on a cashbox listed in the deposit form and select “Other adjustment…” The adjustment form will pop up.
2) Enter the adjustment amount (greater than zero, less than the total ‘other’ amount). Enter a comment, and an Adjustment code, and a department.
3) Select Ok. The adjustment form will close and the cashbox information will be refreshed showing your adjustment.
4) Repeat for each cashbox-reconciliation that requires adjustment.
5) Post your deposit.