Some bank transactions - like interest and charges - arenSome bank transactions, like interest earned and charges paid, aren't usually known until you receive your bank statement. You can easily record If you don't use bank feeds, you can record these transactions when reconciling your AccountRight account. Check with your bank statements by using the Bank Entry featureaccounting advisor about the Tax/GST codes to use for these transactions, and how they should be reported on your BAS/GST Return. | UI Expand |
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| title | To record bank interest and charges |
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| 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 then click Record. The window below shows an example of a bank entry.
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- if you've paid fees or charges, enter the details in the Service Charges section
- if you've earned bank interest, enter the details in the Interest Earned section.
Here's our example. For clarification on the Tax/GST Codes to use for your circumstances, check with your accounting advisor or the ATO.
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- Click Record.
When you return to the Reconcile Accounts window, you'll notice that any the Bank Entry transactions will have transactions have been automatically selected as Cleared. |
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