How to Reconcile Braintree Deposits | Scribe

    How to Reconcile Braintree Deposits

    • 17 steps |
    • 38 seconds
      1
      Navigate to Brokerage Engine.
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      The Default Bank Fee Account should have been selected prior to the Braintree Deposit.
      2
      To select, click "Accounting"
      3
      Click on the "Settings" tab, then select "Configuration"
      4
      Select the General Ledger expense account for bank charges as the Default Bank Fee Account.
      5
      Click "Banking" to start Braintree deposit.
      6
      Click "Deposits"
      7
      Click "Toggle Dropdown"
      8
      Click "New BrainTree Deposit"
      9
      Set the date field to match the date of the Braintree disbursement (in this case the batch was on August 9th).
      10
      Click "Search"
      11
      The five transactions will then show up. When added, they should equal the amount that we were anticipating ($857.30).
      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.
      13
      Once you click on the "Deposit" button, the System will send you back to the "New Deposit" page.
      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.
      15
      Click the "Save" button.
      16
      Click "OK"
      17
      Once deposited, the deposits will be highlighted in yellow in the Braintree deposit function.