I need advice.
I cannot reconcile transactions whose value change after bank charges are deducted during payment.
- Customer buys an item for N34,000 and an invoice and payment entry is created in the value of the item
- Payment method is POS Terminal. Bank charges 0.25% of the value of the transaction and credits N33,915 into account.
When i open bank reconciliation and try to reconcile the bank transaction with the payment entry, i am unable to do so as the figures don’t match. Thus i cannot complete bank reconciliation even though i know that the figures should match.
How do i resolve this?