How are Gift Fees removed if deposit is in error? [1]
The Journal entry will be reversed using the same IACT as the deposit. When the deposit has been reversed, the gift fee will be credited back to the account.
The Journal entry will be reversed using the same IACT as the deposit. When the deposit has been reversed, the gift fee will be credited back to the account.
Links:
[1] https://gao.fo.uiowa.edu/how-are-gift-fees-removed-if-deposit-error