Many times, banks charge fees, sometimes incorrectly. You still need to account for those in your program so that you can reconcile for that month. 
 

Operating Bank
  • Go to Accounting > Bank
  • Be sure to select the proper operating bank, then Details
  • Under Transactions, click Add > Select "Payment"
  • Date: Put in the date of the adjustment coming out of the bank account
  • Enter amount of fee
  • Type: Adjustment Out
  • Method: Error - Bank
  • From: Put in the bank name
  • Be sure to leave internal notes on 'Memo 2' Line
  • Select proper Account (we provide 6075: Bank & Merchant Service Charges)
  • Click Save.



Trust/Escrow Bank


Since Trust transactions MUST be associated with a matter, you will need to create an Administrative Matter where you can account for such fees (and also enter personal "buffer" amount in account) so that they do not go against a client's account. 
  • Go to Matter Tab
  • Select your administrative matter
  • Select "Trust Payment" on the right
  • Date: Put in the date of the adjustment coming out of the bank account
  • Enter amount of fee
  • Type:  Adjustment Out
  • Method: Error - Bank
  • From: Put in the bank name
  • Be sure to leave internal notes on 'Memo 2' Line
  • Click Save.

 
NOTE: If you do not have enough money in the account to cover the fee it will produce the following error:


Contact support@cosmolex.com for work around options for this safeguard