When Reconciling a Bank Account in EasyStart 2014 where do I enter service charges
Peter Thomas
Member Posts: 8 ✭
I am trying to reconcile a bank account in EasyStart 2014 and I need to enter a service charge. The help text says you can enter it in the columns provided but I can't see anywhere to enter this during reconciling.
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Comments
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Hi Peter,
Thank you for your question.
To enter Bank Fees/ Service Charges;- From the Company menu, select For Your Accountant then select Make General Journal Entries...
- Under the Account field, select the Expense account used for tracking bank charges (e.g. Bank Fees)
- Enter the amount of the bank fees (excluding the tax amount) in the Debit field, followed by the tax item in the Tax Item field
- Tab to the following line, in the Account field enter your Bank account.
The Credit field will automatically enter the amount entered into the debit field plus the tax amount - Click Save & Close to record the Journal Entry
To enter Interest Earned;
- From the Company menu, select For Your Accountant then select Make General Journal Entries...
- Under the Account field, select an Income account used for tracking interest (e.g. Interest Earned)
- Enter the amount of interest earned (excluding the tax amount) in the Credit field, followed by the tax item in the Tax Item field
- Tab to the following line, in the Account field enter your Bank account.
The Debit field will automatically enter the amount entered into the credit field plus the tax amount - Click Save & Close to record the Journal Entry
Mustafa
We hope the above helps you resolving your issue. If you need further assistance, please let us know.
Cheers0
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