This article is for recording bank fees manually in QuickBooks.
For recording bank fees when you have your bank account connected to QuickBooks, follow this article instead.
Step 1: Create an expense account to allocate you bank feeds to
- Go to Bookkeeping, and select Chart of accounts (Take me there).
- Select New on the right hand side.
- Create an Expense account and name it Bank Fees.
- Select Save.
Step 2: Create a Product/Service
- Select the Gear Icon in the top right hand corner.
- Select Products and Services underneath the Lists column.
- Select New on the right hand side.
- Select Service.
- Name it Bank Fees.
- Under Income Account select the Expense Account you just created.
- Select Save.
Step 3: Create an adjustment note
- Select + New.
- Select Adjustment Note.
- Select Customer.
- Select the Bank Fees service you created.
- Add Fee amount.
- Select Save.
Step 4: Match the adjustment note to the outstanding Invoice
- Go to Sales and select Customers (Take me there).
- Select Customers.
- Select relevant Invoice.
- Select Make Payment.
- Tick the Adjustment Note off against the Invoice.
- Select Save.