Bank Charges

absolutecare

Hello all,

apologise if my question is stupid.

Can someone guide me on the steps to add bank charges in Express Accounts? This bank charge is a service fee that bank charge for maintaining my business bank account.

I'm not accountant trained, I'm a small business owner trying to do all my accounting for a start.

Cheers.

-Alan

GNG

Have you gotten any help, seems like there are a lot of questions but no answers. I just bought the program and am feeling a bit lost.

robtheone

Just create an account called "Bank Charges" in the chart of accounts, set this as an expense account (Profit - loss) then open the journal - add new journal entry and then simply debit (+) this account with your charges and credit (-) the same amount to your bank account so your bank account reduces by this amount. You can save this as a template for future use.