Bank Charges on Clearing should be directly allocated back to Customer AR
We have a requirement where the Bank Charges on clearing needs to be directly taken to Customer Account in AR. For example Customer gives Notes/FDC's/Bank Drafts in China. Our client discounts that with the bank for immediate cash requirements. The charges taken by the bank has to be borne by the customer as per the agreement. So on clearing or remitting the bank charges should be automatically adjusted to customer account is this possible in AR?
The workaround what we have is we can give a Asset Account(AR) - A uniquely identified one with the combination against the bank charges field in this particualr receipt class. So the Bank Charges will go to an asset account. We can create a receipt and adjust the on-account to the same account or create a miscellaneous receipt with a activity that offsets this bank charges added back to customer AR.