4.6.2 Bank Charges

4.6.2 Bank Charges

There are two options for recording bank charges:
  1. Create a supplier in the name of your bank (e.g. Barclays, NatWest). You can then load a supplier invoice for each charge that is incurred. If you choose this option then you can allocate the charge to one of the Budget / Expenditure categories
  2. Record the bank charge as a simple finance transaction:
Access via the menu option: Finance ->Bank Statement
If you use this option then the charge cannot be allocated to a Budget / Expenditure category and will not be treated as Service Charge expenditure and will not appear on the Budget vs Actual reports

You can also record Bank Charges through the :
Workbench under Finance -> Accounts Payable -> Post Expenditure




    • Related Articles

    • 4.6.3 Bank Interest

      To record bank interest: Access via the menu option: Finance -> Bank Statement To do this across all blocks, go to: Workbench -> Finance -> Accounts Receivable -> Post Income

    • 4.6.1 View Bank Statement

      Accessed via the menu option: Finance ->Bank Statements This screen allows you to see the bank statement across all the bank accounts for a block. This includes virtual accounts as well (Accounts with the same bank account details as another ...

    • 4.2.4 STEP 4 - Create Funds and Bank Accounts

      Access via Finance -> Set-up -> Funds To watch a video on how to carry out this process, please click on this video: 4.2.4 STEP 4 - Create Funds and Bank Accounts  The screen displays the following: Columns: Fund Name - This is a name used in the ...

    • 4.6.4 Bank Reconciliation

      It is recommended that, on a regular basis, bank account information in the web-system is reconciled to actual bank statements: Access via the menu option: finance -> reconcile bank -> reconcile bank statements 1. From this screen please select the ...

    • 3.4.10 Bank Reconciliations

      This screen located in the Workbench under the Finance Tab is a useful tool to manage reconciliations of your bank accounts in the system (providing it has reconciliation batches and it will for now only allow you to un-reconcile the last batch one ...