Get started

HTML Wrap

class	section group

HTML
<span data-swiftype-index="true">

html-wrap

class	col span_3_of_5

Some bank transactions, like interest earned and charges paid, aren't usually known until you receive your bank statement. If you don't use bank feeds, you can record these transactions when reconciling your account.

Check with your accounting advisor about the Tax/GST codes to use for these transactions, and how they should be reported on your BAS/GST Return.

UI Expand

expanded	true
title	To record bank interest and charges

Go to the Banking command centre and click Reconcile Accounts.
Select your Account and enter the Bank Statement Date.
Click Bank Entry.
Enter the transaction details.
- In the Service Charges section, enter details of fees and charges you've paid.
- In the Interest Earned section, enter details of bank interest you've earned.
  Here's our example:
Click Record.
When you return to the Reconcile Accounts window, the Bank Entry transactions have been automatically selected as Cleared.

HTML
</span>

HTML-wrap

width	15%
class	col span_1_of_5

HTML Wrap

float	left
class	col span_1_of_5

Panelbox

name	green
title	Related topics

HTML Wrap

class	sidebarlinks

Setting up tax codes (Australia)

Setting up GST codes (New Zealand)

Reconciling your bank accounts

Setting up bank feeds

Panelbox

name	yellow
title	From the community

RSS Feed

titleBar	false
max	5
showTitlesOnly	true
url	http://community.myob.com/myob/rss/search?q=interest+charges&filter=labels%2Clocation%2CsolvedThreads&location=category%3AAccountRight&search_type=thread&solved=true

HTML Wrap

class	morelinks

More »

Page tree

Versions Compared

Old Version 11

New Version 12

Key

Was this information helpful?

Why not?

How would you improve this topic?

Thanks! Anything you'd like to add?

Get started

Company file

Work with others

Banking

Emails & printing

Items

Employees (AU)

Suppliers

Customers

Reporting

EOFY

Tips & tricks