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Entering Banking Fees

Aaron Weiss   ( User )

Commented 3 years ago

What would be the best way to enter fees that the bank charges? I've received two fees for international transactions. Would I create a Vendor that contains my bank and a category for fees?

Melda Melda   ( User )

Commented 3 years ago

Hi Aaron,

If you're one of the many business owners who are charged by your bank for either a method of payment or a bank transfer, I strongly recommend you to add your bank as a vendor and add these charges as payments made.
This solution will be significant if you are using Double-Entry App for your trial balance.

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