Need to simplify the management of your bank charges?
Automate the management of your bank, PayPal and Stripe collection fees?
With this app, take into account commissions deducted on collections
Once you've installed the app, you'll have access to new functions to make it easier to take account of bank charges
1. Configure app
Go to your bank accounts and check for each account:
- That a company is attached. It is to this company that the cash movements corresponding to commissions will be attached. For example, you may have three bank accounts attached to the same company.
- An accounting code is set for bank charges. This accounting code will be assigned to "bank charges" movements.
2. Perform bank reconciliation
The app is useful when you're reconciling bank receipts on which banks or payment processors take a commission and pay your account less than the settlement value.
For example, you need to perform a bank reconciliation for an incoming payment of E1,000 and an outgoing payment of E3,000, on which the bank has deducted E25 in commission. The amount to be reconciled is therefore 3975 E.
Go to the reconciliation page, and identify the amount to be reconciled. Choose to reconcile it with invoices, and select the 1000 E invoice and the 3000 E invoice. Confirm.
A new line appears, entitled "Validate with 25E bank charges" (This message appears when the amounts you have selected are less than 6% of the account amount).
When you click on this line, reconciliations are created, as well as a "Bank charges" transaction, in the amount of 25 E, and attached to the company selected for the corresponding bank account.