Record bank fees

Choose the category for the fee

Find the bank charge on the statement and check whether it is already in Import feed or Expenses. For a manual entry, open Add expense and choose the Account agreed with your bookkeeper. Use Manage chart if you need to review the available categories.

For a separate category, open Manage chart > Add subaccount. Enter Bank fees in Name, select Expense and choose the reviewed parent under Under. The form below shows Other expenses. Review the choice before selecting Add, then return to the expense and choose the new Account.

Record the actual charge

Enter Amount, Date and Description. Select the account under Paid from and the intended Portfolio or property. Keep the statement or receipt in Notes and receipt, then review before Save expense.

Keep a bank fee separate from a loan payment’s principal, interest and escrow. A fee and the underlying payment are different entries.

Check the result

• The recorded amount, category and scope match the supporting record.

FAQs

Where can I find a Bank fees category?

Open Account to review your available categories. If you need a separate bank-fee account, use Manage chart.

Can I reclassify a fee already recorded?

Use the original entry’s available Edit action. Confirm the amount and category rather than creating another fee.