I am a new user and trying to reconcile my first bank account statement but have numerous transfer fees I don't know what t do with. They were never recorded in QBO. When funds are transferred from the business bank account to a consultants bank account for travel reimbursements, commissions pay, etc., where and how should the transfer fees be recorded?
Thanks for your help. I recorded the $3 fee by clicking Create - Vendor - Expense and selected the Bank Charges and Fees account. Now a number of $2 "credits" for external bank transfers have downloaded. Would I be correct in opening each of the expense records and adding a second line entering -$2 in the amount column?