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How to Manually Reconcile Braintree from Undeposited Funds
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Navigate to your Bank Account and Log In to your Online Portal.
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Locate the Braintree deposit that you would like to record and reconcile in Brokerage Engine.
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Log In to Braintree to see the disbursements from the corresponding date.
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It was five transactions for $857.30. The bank total shows $832.68. The calculation $857.30 - $832.68 = $24.62 (this is the Braintree Cost).
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Once you have those figures, go to Brokerage Engine Accounting and select Deposits under Banking.
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Click on the "New Deposit" button.
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Your undeposited funds will be displayed.
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From the dropdown menu, select which account to post the deposit.
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The deposit should be for the day that the funds were posted on the bank account, in this case, 08/10/2022.
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Select "Credit Card" as the payment method.
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Select the five transactions on the Braintree disbursement. When added, they should equal the amount that we were anticipating ($857.30).
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At the bottom of the list of deposits, the total will be displayed.
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Processing Fees need to be calculated manually. In order to do, funds need to be added, this can be accomplished at the bottom of the deposit page.
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In order to add the bank charge, the the bank service charge account needs to be selected from the dropdown menu.
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The bank charges are the difference between the amount in Braintree and the amount posted on the bank. It must be entered as a negative (-24.62).
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Once the calculation is completed, click the "Save" button at the bottom.
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