How to Record a Bank Fee

This article will walk you through the steps on how to record a Bank Fee

Bank Fees are levied by financial institutions on their personal and business customers for the establishment, upkeep, and small-scale transactional services of their accounts, which can be imposed either as a single occurrence or continuously.

  • First Navigate to Accounting, then Banking.
  • Next select Actions>New Bank Fee.
  • Lastly, record your Bank Fee and hit Save.

Note: Customers on Manager Ledger mode should select the Manager Ledger in the drop selection. Like shown below.

For customers on Bill Management Mode we recommend tying the Bank Fee to a Property Management Portfolio to match the decrease on the bank statement.