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How to handle local bank charges while our customer payment in USD

Former Member
0 Kudos

Hi All Expert,

How we handle customer payment with local bank charges rm5 at incoming payment?

Examples :

Customer invoice in USD 1000, while payment USD1000 by bank transfer with local bank will charges rm5 for each transaction.

May i know how does the B1 handle this bank charges in local currency?

Accepted Solutions (1)

Accepted Solutions (1)

Active Participant
0 Kudos

Hello Eric,

I presume that the bank charge will not be paid by the customer. In this case, the actual Invoice of USD 1000 is considered fully paid.

I think the only way to proceed is to create a manual journal entry to Debit the Bank Charges and Credit the Bank Account. Or you can take it up when you post other bank reconciliation items at month end.

Hope this helps.



Answers (0)