Recording Bank Fees and Service Charges

Updated by Vanessa Borges

How to Record Bank Fees and Service Charges

  1. Navigate to Finance > Accounts Payable > Accounts Payable Run > Payable Run.
  2. Click Add Invoice.
  3. Select the Vendor from the Vendor Nickname list.
  4. Enter the Invoice Number
You can use the invoice date in the format YYYYMMDD as the invoice number.
  1. Enter the Invoice Date (this must match the date on your most recent bank statement).
  2. Enter the Invoice Amount.
  3. Set the Payment Method to Electronic Payment.
  4. Under the Invoice Account line, add your GL Account(s).
  5. Enter the Amount per Line.
  6. Enter the Reference.
  7. Click Add.
  8. You will be returned to the Payable Run page. Select the invoice and click Schedule.
  9. Skip the Print Checks step and click Finalize AP Run.
  10. Select Finalize AP Run.
  11. Set the Posting Date to match the date of your last bank statement.

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