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ikram_askari-hot
Level 1

How can i record my bank charges in Quick Book Plus .My bank account are not connect with quick book plus

 
1 Comment 1
CamelleT
QuickBooks Team

How can i record my bank charges in Quick Book Plus .My bank account are not connect with quick book plus

Let me walk you through the steps in recording bank charges, ikram.

 

First, if you still don't have an account for the bank charges, here's how you can create one:

 

  1. Go to Transactions and choose Chart of accounts.
  2. Click New. Then, create an Expense account and name it Bank Fees.
  3. Hit Save.

 

Then, to record the bank fees, please refer to the steps below:

 

  1. Click + New.
  2. Select Journal Entry. Then, enter the Journal Date.
  3. Under the empty table, enter the following double entries:
    • First line, Account: Accounts Receivable / Accounts Payable, Credit: Amount, Name: Customer name
    • Second line, Account: Bank charges expense account, Debit: Amount

     4. Select Save and Close.

 

Lastly, to settle the open invoice with the Journal Entry, check out the steps below:

 

  1. Tap Sales and choose All sales.
  2. Open the invoice which has incurred the bank charges.
  3. Tap Receive payment on the upper right part of the invoice.
  4. On the Receive payment page, tick to select the invoice and the Journal Entry.
  5. Make sure the Amount received is the correct (total invoice amount-bank charges= Net charge received)
  6. Hit Save and close.

 

Additionally, I'll share this article to give you the detailed steps when connecting a bank/credit card account to QuickBooks Online (QBO): Connect bank and credit card accounts to QuickBooks Online.

 

Whenever you have questions about managing bank charges in QBO, add a reply below. I'm available 24/7 to help you.