From the Accounts ribbon select the 'Process Interest' button
Type the client number and matter number
The Bank IBD Reference will automatically appear, make sure you check it is the correct one from the drop-down menu (it is possible to have multiple IBD accounts under the one matter)
Date will default to today’s date
‘Total to Trust’ must equal the sum of Interest to Trust and Principal to Trust, based on IBD ledger settings
If interest is being compounded tick the compound box – note interest to trust is now showing $0.00 and the accrued balance is the current balance plus net interest
Withdraw commission – tick if the bank deducts the commission
The withdrawal date will be the same date as the interest
If the firm deducts the commission, the withdrawal date will be the date you process the withdrawal transaction at the bank (which could be a day or two later than the interest posting date)
Type a narration
Save & new to save transaction and continue posting
Save & close to save transaction and exit process IBD interest screen