You could record bank interest and fees using Receive Money and Spend Money transactions. But you usually don't know these amounts until you receive your bank statement. That's why it's easier to record these transactions when you're reconciling your account by using the Bank Entry function. This support note shows you how.
Which tax/GST codes should I use? If you're not sure which tax/GST codes to use for bank interest and charges, check with your accounting advisor or the ATO/IRD. The codes we use below are examples only.