Record Bank Interest or Charges

First ensure that you have a relevant cost centre in the Banking screen to deduct the fees from.

If not, Add a New Cost Centre then return to this page.

To record income (e.g. bank interest),

1. on the Income screen select Miscellaneous income and complete all fields, ensuring you select the relevant cost centre. Select the Credit/debit option to allocate the funds directly to the bank. Click Done
2. Enter a reference in the Enter Credit/debit details/reference field, e.g. bank statement number and date. Click Done
   This transaction will show as an entry in the Banked column in the Banking screen

To record expenditure (e.g. bank charges),

1. on the Expenditure screen select Miscellaneous expenditure and complete all fields, ensuring you select the newly created cost centre. Select the Credit/debit option to deduct the funds directly from the bank. Click Done
2. Enter a reference in the Enter Credit/debit details/reference field, e.g. bank statement number and date. Click Done 
   This transaction will show as an entry in the Banked column in the Banking screen

SCO Modules

FAQs

Last update  //