Receipting Bank Interest (and Offsetting against Bank Fees)

a property / owner has received an amount for interest, and you would also like to deduct an amount for bank fees from a property?

If this is the case, to receipt the interest amount to the owner’s property you can do this via:

Receivable > Receipts 

• Select the property 
• Select the misc lease 
• Enter receipt & at bank date 
• Enter the amount to receipt 
• Click add Credit / Sundry Receipt 
• Change account code to 10030
• Enter Description (this will appear on owner statement)
• TICK sundry receipt 
• Click add
• Process 

For the bank fees you will need to create a supplier company for the required bank. 

Once created you then enter an accounts payable invoice via Accounts Payable > Invoice & Credits, use this supplier and the required property and enter an invoice for the bank fees amount. 

You would then process a dummy payment run for the invoice to reflect the payment out of the bank.