There is a Cash In transaction as Interest Received and a Cash Out transaction as a TFN withholding. How do I process this?
To resolve this issue:
Step 1: Process the interest income
Step 2: Match the transactions
Process the Interest Income
Navigate to Fund Level > Transactions > Fund Income > Fund Income > Interest Received
- Enter TFN credit in "TFN Withheld Amount field".
- Enter the amount of the interest minus the TFN withheld in the "Net Payment" field
Navigate to Fund Level > Transactions > Match Transactions
- Match both Cash In and Cash Out transactions from the bank.
- Match the Net Cash transaction to the above business event.