From time to time a deposit may be sitting in your adjustment ledger however it doesn't belong in the trust account.
Once you have determined the origin of the deposit, the amount should be cleared from the ledger.
In the below example, $7000.00 was entered as an unknown deposit as it appeared in the sales trust account.
It was then determined that this amount belonged to an external party. In order to transfer the funds back out of the trust, a Payment Adjustment must be created.
From the bank reconciliation page, create the payment
Prior to saving, ensure the debit amount of $7000.00 is offset against the original credit
Offset the debit against the original credit
The two amounts are offset against each other
The payment will appear on today's bank reconciliation as the funds will be transferred from the sales trust to the external party.
Please note, adjustments cannot be uploaded as an ABA file. The transaction will be processed manually via Internet banking.
Both adjustment amounts will be removed from the End of Month Reports.
The End of Month reports should only display those adjustments that require action
