How to Handle Bank Charges in Account Receivables ? (Doc ID 1958164.1)

Last updated on APRIL 06, 2023

Applies to:

Goal

The bank statement (BAI2) has the incoming credit with the bank charge deducted already.

The bank does not create a new statement line for bank fees. Once we create a receipt for the amount deposited and apply it to the invoice, the invoice will have a balance of the bank fee amount.

Example:
Invoice $100
Incoming Wire Transfer Original Amount $100
Bank Fee $25
Receipt $75
Cash Application 75$
Invoice Balance 25$

How does Cash Management handle this scenario? What steps need to be taken in Receivables for the invoice that is fully paid with a balance of $25?

Solution

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