1. From the Accounts ribbon select ‘Full Withdrawal’
2. Type the bank IBD reference and use the tab or + key to move through the other fields
3. Enter the total to trust (being principal + net interest), gross interest, commission and withholding tax amounts
4. Check accrued balance goes back to $0.00 (indicating no further funds are held on that IBD account)
5. Click ‘Save & Close’ to save transaction and exit process IBD interest & principal screen
6. Click ‘Save & New’ to save the transaction and continue posting
Example
Above, an example of full withdrawal posting where the bank is set to collect RWT and the firm collects the commission. The Total to Trust is the principal plus net interest (being gross interest less RWT less commission).