Accounts Receivable: Applying Bank Fees in Sage Intacct

In this video, Karen Hanley discusses three methods for writing off bank fees in Accounts Receivable using Sage Intacct. She explores the pros and cons of each option, including creating a credit memo, making an on-the-fly adjustment, and utilizing a new custom discount feature. With detailed demonstrations of each method, Karen helps viewers understand how to effectively handle discrepancies between invoiced amounts and received payments.

There are three main options to write off bank fees in Accounts Receivable: creating a credit memo, making an adjustment, or using a new customer terms discount feature.
The credit memo and adjustment options allow specifying which General Ledger (GL) account to write off amounts, providing flexibility for different types of write-offs.
The new customer terms discount feature offers a quick method of writing off amounts but limits the ability to select multiple GL accounts.