This guide was created with Scribe in 38 seconds. Sign in and create your own!
How to Reconcile Braintree Deposits
0 step |
38 seconds
Navigate to Brokerage Engine.
The Default Bank Fee Account should have been selected prior to the Braintree Deposit.
Zoom Saved
2
To select, click "Accounting"
Zoom Saved
3
Click on the "Settings" tab, then select "Configuration"
Zoom Saved
4
Select the General Ledger expense account for bank charges as the Default Bank Fee Account.
Zoom Saved
5
Click "Banking" to start Braintree deposit.
Zoom Saved
6
Click "Deposits"
Zoom Saved
7
Click "Toggle Dropdown"
Zoom Saved
8
Click "New BrainTree Deposit"
Zoom Saved
9
Set the date field to match the date of the Braintree disbursement (in this case the batch was on August 9th).
Zoom Saved
10
Click "Search"
Zoom Saved
11
The five transactions will then show up. When added, they should equal the amount that we were anticipating ($857.30).
Zoom Saved
12
Select the transactions, then click on the “Deposit” button at the bottom of the prompt. The bank charges are calculated automatically by the system.
Zoom Saved
13
Once you click on the "Deposit" button, the System will send you back to the "New Deposit" page.
Zoom Saved
14
Scroll down to the bottom of the page to review the Bank Charges that will be deducted from the deposit. Additionally, the Memo Field will display the Braintree payment confirmations associated with this deposit.
Zoom Saved
15
Click the "Save" button.
Zoom Saved
16
Click "OK"
Zoom Saved
17
Once deposited, the deposits will be highlighted in yellow in the Braintree deposit function.
Zoom Saved
Have something to say?Create an account to leave messages for the author to see!Create an account
Feedback
This Scribe is in tip-top shape!Leave feedback if there are any issues with this Scribe