To record bank interest and charges

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.
   • 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.
     
5. Click Record.

When you return to the Reconcile Accounts window, the Bank Entry transactions have been automatically selected as Cleared.