How to Handle Bank Charges in Account Receivables?
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.
Incoming Wire Transfer Original Amount $100
Bank Fee $25
Cash Application 75$
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?