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How ot add bank fees to a receipt?

When entering a receipt of money transfer, can i record the bank fees in the same transaction?

so, for example, if the invoice was for $100, I'll enter a receipt for $90 and list the $10 as bank fees.

 

since i usually get paid by wire transfer,  I do "Receive Payment" and not "Deposit"

thanks. 

Best answer 03-24-2019 07:17 AM

Accepted Solutions
QuickBooks Team

Re: How ot add bank fees to a receipt?

Hello there, HKS2019,

 

You can enter the bank fee as a negative amount. Here's how:

 

  1. Click the Plus icon at the top.
  2. Select Receive Payments.
  3. After you entered all payment information, place a check next to the invoice you would like the payment to be applied to.
  4. Select Undeposited funds as the deposit to account.
  5. Save.
  6. Go to Bank Deposit.
  7. You should see the payment you entered in the Select Existing Payments section at the top.
  8. Place a checkmark to select the payment you want to deposit.
  9. Under Add funds to this deposit, enter $10 as a negative amount.
  10. Click Save.

Please feel free to leave a comment below if you need any further assistance.

1 Comment
QuickBooks Team

Re: How ot add bank fees to a receipt?

Hello there, HKS2019,

 

You can enter the bank fee as a negative amount. Here's how:

 

  1. Click the Plus icon at the top.
  2. Select Receive Payments.
  3. After you entered all payment information, place a check next to the invoice you would like the payment to be applied to.
  4. Select Undeposited funds as the deposit to account.
  5. Save.
  6. Go to Bank Deposit.
  7. You should see the payment you entered in the Select Existing Payments section at the top.
  8. Place a checkmark to select the payment you want to deposit.
  9. Under Add funds to this deposit, enter $10 as a negative amount.
  10. Click Save.

Please feel free to leave a comment below if you need any further assistance.