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




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