Use adjustments to record bank account transactions such as interest earned, service charges, and balance adjustments.
You can add an adjustment from the bank account register.
Tip: You can also add an adjustment when manually matching transactions. For more information, see Manually Manage Transactions.
From the bank account register, select Add an adjustment.
Enter the General information about the adjustment.
Adjustment category - Choose a predefined adjustment category. When you select a predefined adjustment category, the program automatically loads default information into the fields. For more information about adjustment categories, see Adjustment Categories.
Enter the date and amount of the adjustment.
Type - Select "Deposit," "Payment," or "Transfer out."
Reference - Enter the journal reference you want associated with the adjustment.
Mark Cleared and enter the date if this adjustment is cleared.
Under Distributions enter the post status and post date information for the adjustment. Your choices for status include "Not yet posted," and "Do not post."
Select the account and enter the credit amount for the distribution.
Next select the projects, grants, and transaction codes for the distribution.
To apply an account distribution set, make your selection and click Apply to distributions. Account distribution sets are defined in Accounts Payable Configuration in the database view. Account distribution sets allow you to split an amount you have assigned to an account over several projects and transaction codes.
Enter custom fields to further define the distribution. For more information about custom fields, see Custom Fields.
Once you've entered the distribution information, select Add distribution.
If the interfund transfer entries are required, select an interfund entry set from the drop-down. The interfund entry set determines what balancing entries are created.
Enter any notes you want to associate with the adjustment in the Notes section.
Under Attachments, you can add attachments to the adjustment by moving a file into the Drag a file here box or by browsing to the file. You can also link to a file online, or in a cloud storage account. For more information, see Attachments.
To edit an adjustment, select Edit from the menu next to the adjustment in the bank register. Make your changes and select Save.
To view an adjustment, select View from the menu next to the adjustment in the bank register. From the open adjustment, you can edit distribution information and view all adjustment history.