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Bank Charges


absolutecare
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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

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  • 4 months later...

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.

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