|
|
|
Junior Member
Group: Forum Members
Last Login: 11/10/2011 10:18:19 PM
Posts: 8,
Visits: 47
|
|
I need to enter in various bank charges - government debits tax, account fees etc.
The help file indicates that this is done via 'record payments', payment type = expense. I don't understand why I need to select a person to pay.
Or am I in the wrong place.
Bruce
|
|
|
|
|
MySF Administrator
Group: Administrators
Last Login: 29/01/2012 4:16:49 PM
Posts: 208,
Visits: 958
|
|
You have two choices. One is to record a cash payment as you are doing where you would record the payment against either the Bank as the payee or the Govt if it is a tax. This requires only one account to be entered which is the expense account (eg. 5130 for Bank Charges)
The second alternative is to enter a General Journal where you don't need to enter a payee. If you choose this alternative then you need to enter both the Debit and Credit Accounts
The entry would be Debit Expense (5130 Bank Charges) and Credit Bank (1101)
I hope this helps
Regards
MySF
|
|
|
|