How to record bank fees

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

1. Go to All apps , select Accounting, then select Chart of accounts (Take me there).
2. Select New account.
3. Name your account and add a description.
4. From the Account type ▼ dropdown, select Expenses.
5. From the Detail type ▼ dropdown, select Bank charges.
6. Select Save.

Step 2: Create a Product/Service

1. Go to Settings ⚙ and select Products and Services.
2. From the New product/service ▼ dropdown, select Service. 
   Note: If you are creating a product/service for the first time, select Create items, then select the type of product or service from the Item type ▼ dropdown.
3. In the Name field, enter Bank Fees.
4. Select Service.
5. Under Income account select the expense account you just created.
6. Select Save and close.

Step 3: Create an adjustment note

1. Select + New or + Create.
2. Select Adjustment note.
3. Select customer from Customer ▼ dropdown.
4. From the Product/Service ▼ dropdown, select the Bank Fees service you created.
5. Fill in the required fields, then select Save.

Step 4: Match the adjustment note to the outstanding Invoice

1. Go to All apps , select Customer Hub, then select Customers & leads (Take me there).
2. Select Receive payment for relevant Invoice.
3. Tick the Adjustment note off against the Invoice.
4. Select Save.