Question asked by Stuart Dann 9 years ago
I need to create a debit for bank charges applied for receipt of money from overseas. I tried to use the money out function but it only brings up a list of suppliers when I hit the explain button. Any idea's. Thanks
Hi Stuart - when you come to explain the money received, start by entering a negative sum to the bank charges account, this then leaves you with the gross receipt to explain as income, or to pay off an invoice.
This will mean you creating a customer as the supplier when entering the negative sum and making sure that the appropriate bank charges account (Settings>Codes) is ticked as being available to both sales & purchases.
Best answerAnd for bank charges in general you would simply have your bank listed as a supplier then post the money out transaction as a payment to them [under the bank charges category from the dropdown].
You must 