It is possible to record bank fees at the same time as an invoice payment by adding adjustments during reconciliation.
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View this reconciliation process in action, or read on below.
Simultaneously recording invoice payments and bank fees
If you’ve received 95 SAR for an invoice of 100 SAR because the bank charged you 5 SAR, you’ll want to record the invoice payment and the bank charges. Here's how:
- Go to
Bank transactionsin the left side menu, then click on the
Reconcilebutton of the relevant bank account. Look for the invoice payment transaction and click its
- Select the transaction corresponding to the invoice payment that you’ve received. To add the 5 SAR bank charges adjustment against that transaction, click on
Add adjustment, and from the
Descriptiondrop-down menu, select the
Bank Fees and Chargesexpense account, then click the
- Your transaction’s status will change to Reconciled.
The bank charges you’ve recorded in your Bank Fees and Charges expense account will be added to your books.