1. Go to the Banking command centre and click Reconcile Accounts.
2. Select your Account and enter the Bank Statement Date.
3. Click Bank Entry.
4. Enter the transaction details then click Record. The window below shows an example of a bank entry.

When you return to the Reconcile Accounts window, you'll notice that any Bank Entry transactions will have been automatically selected as Cleared.

<h2><i class="fa fa-comments"></i>&nbsp;&nbsp;FAQs</h2><br>

Bank interest and bank charges are recorded on your BAS in a few different ways:

• Bank interests paid by you or bank fees charged to you are reported both at G11 Non-capital purchases and G14 Purchases without GST in the price. So bank charges and interest paid are entered using the FRE Tax Code.
• Bank interest received by you is reported both at G1 Total Sales and G4 Input taxed sales. Bank interest received is entered using an Input Taxes Sales Tax Code, which many need to be set up in your company file.

 For more information on tax codes, visit Setting up tax codes (Australia), or Setting up GST codes (New Zealand).
 

You should enter the credit limit you've assigned in each customer's card. If you want to stop sales from being recorded for customers who have exceeded their credit limit, you can place them on hold.