Objective: Record a bank fee (CD) and a partial payment to a vendor (CD-AP).
1. Record Bank Fee:
◦ Navigate to Transactions > Cash > Cash Disbursements.
◦ Cash Account: Select your main checking account.
◦ Payee: Select (or create) an Other Name called “City Bank.”
◦ Reference: “ServiceChg”.
◦ Amount: “15.00”.
◦ Distribution: Select your “Bank Fees” expense account.
◦ Click Save & New.
2. Record Vendor Payment:
◦ Click the Vendor Payments button.
◦ Vendor: Select the vendor “Smith Consulting” (created in Module 4).
◦ Reference: Enter a check number (e.g., 1001).
◦ Amount: Enter “500.00”.
◦ Apply: In the bottom grid, locate an open invoice and type “500.00” in the Payment column (even if the invoice total is higher).
◦ Click Save.