Posting a Bank Charge

Accounting>File>Banking-Add/Edit Checks>Post Bank Charge button

This option allows posting a debit to the checkbook register and identifying it with a description.

How To:

1. Enter a description for the bank charge.
2. Enter a date for the charge. The date defaults to the system date. To change, either type a new date into the field or click the F8 button to display the on/line calendar
3. Enter the amount of the bank charge.
4. If you want the bank charge to automatically clear, check the box for "Mark Reconciled".
5. Click on the OK button to save the entry.
   
6. If the General Ledger has been installed, the corresponding register will receive a credit posting in the General Ledger. Specify the account code to which the corresponding debit entry in the General Ledger should be posted. Click OK when finished.
   
7. Then, the Journal Distribution Box will pop up. Enter the Journal Distribution(s) for the bank charge. The comment entered here will appear on the Journal listing. Click OK to save the distribution. The bank charge will show up in the register with a check number of BC.
   

Bank Charge Info Dialog

Field	Explanation
Description	Enter a useful description for the bank charge (e.g. check enclosure fee, stop check fee, etc.).
Date	Enter the date the bank charge will take place. This date is used to post to the G/L. This can be a future date.
Amount	Enter the total amount of the charge.
Mark Reconciled	If the transaction has cleared the bank as well as your internal reconciliation process, check this box.