Part A – Adding and applying the fee to a G/L account

Learn how to add and apply the fee to a G/L account.

  1. On the Site Map screen, click Cash Management > Data Entry > Bank Reconciliation.
  2. In the Bank account field, enter the bank account to which the service fees were issued.
  3. In the G/L date field, the current G/L period end date defaults. Press Enter to accept this date.
  4. In the Statement date field, the current bank statement date defaults. Press Enter to accept this date.
  5. In the Opening balance field, the opening balance on the account defaults. Press Enter to accept this amount.
  6. At the Ending balance field, the ending balance on the account defaults. Press Enter to accept this amount. If this is a new account, the ending balance will not default; you will have to enter this amount manually.
  7. Click the Adjustments button.
  8. Click the Deductions button.
  9. In the Date field, enter the date the bank charge was applied to the account and press Enter. The date entered must fall within the current statement date.
  10. In the Reference field, enter the G/L check reference you want to apply to the transaction.
  11. In the Description field, enter a description (up to 30 characters) of the transaction, for example, Bank service fee.
  12. In the Amount field, enter the bank charge amount.
  13. In the GL Code field, enter the G/L account code to which you want to apply the bank charge.