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Bank

Former Member
0 Kudos

Hi

How to post Bank Charges , like charges on issue of new Cheque Book which bank deducts itself.

Thanks

Accepted Solutions (0)

Answers (4)

Answers (4)

Former Member
0 Kudos

Closed.

Former Member
0 Kudos

Hi Saini,

There are two options for entering the bank chages. Also u can search in the forums for Bank Charges

1. Pass the Check amount in Outgoing payments, and then pass a Journal entry for the bank charges.

2. Another option is Enter the outgoing payment, in the payment means first select the Credit Card field and enter the bank charges amount, and select the Check tab and enter the balance amount (after deducting the bank charges amount).

The second option will be passed as a single entry.

Hope it helps.

Regards

Shanker. T

Former Member
0 Kudos

Hi, you can also post it via Account Type Outgoing Payment. You have to select the bank charges g/l.

Former Member
0 Kudos

Hi

u can either post it through journal entry or u can use outgoing payment gl account method by which u can pay off the bank charges by using gl account related to bank charges

Regards,

Manish

Former Member
0 Kudos

Hi,

Those bank charges are your expense. You may just post a journal entry to reflect the transaction since you don't need to go through invoice-payment circle.

Thanks,

Gordon