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AIB Branch settlements

jos28 · 2017-02-07 12:10:25

Does anyone have experience of dealing with retailers and AIB Branch settlements. I'm unsure of where to post them and looking for advice. Basically they occur when a retailer gives customer credit card refunds exceeding their credit card sales for a particular day. For example - cc sales are €500 and a refund is given for…

07-02-2017 12:10PM

#1

jos28

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Posts: 6720

Does anyone have experience of dealing with retailers and AIB Branch settlements. I'm unsure of where to post them and looking for advice.
Basically they occur when a retailer gives customer credit card refunds exceeding their credit card sales for a particular day. For example - cc sales are €500 and a refund is given for €700, AIB take a direct debit for the €200 a couple of days later. This is really only an issue because the bank clear on a daily basis.
My problem is where to post the €200 direct debit. It's not a bank charge, nor can it go against sales. Any ideas please ??

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Comments

#2 25-02-2017 08:47PM

Jpers

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Posts: 30

You could just net off against the next day's receipts and keep a note on the entry for reference.

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