I know how important it is to record your bank transactions properly in QuickBooks Online. There's so many different types of bank transactions, and payments can mean a few different things in different circumstances. I want to make sure I'm fully understanding your goal before providing any instructions.

What do you mean when you say processing cash payments from the bank? Are you trying to record payments you've made towards outstanding bills, or payments you've received from your customers? Alternatively, are you trying to physically process the payments to involve money movement in your real-life accounts?

With a bit more information, I'm sure I'll be able to help you reach your goal in no time.

I'll be on standby.

monicapasch1

I would like to know how to record bank charges, monthly service charges etc. on my bank statement. The directors dont want to transfer bank statement into quick books. So I do every transaction manually.

AddieC

Level 5

Hello again, monicapasch1. Thanks for clarifying that for me. I see what you're saying now. If you're entering these transactions manually, you can do so by creating an expense account for Bank Fees, then create an expense for the amount you see in the real-life bank account.

First, you'll set up your new expense account:

1. Select Accounting from the left menu, then Chart of Accounts.

2. Select New.

3. In the Account dialog, create an Expense account for Bank Charges, and name it Bank Fees.

4. Select Save and close.

Next, create an expense by clicking + New > Expense. Select the new expense account, and enter all other necessary details.

I hope this helps get you back on track.

Cheers.

Sign up

Login with SSO

Let's get you signed in

Login with SSO