Bank and Deposit Adjustments window—Bank Entry view

Use this window to enter and record bank service charges, credit card fees and bank interest earned.

Bank service charges

If you’ve received bank service charges, enter the amount of each charge in the Service Charges section.

If you’re reconciling a Detail Chequing Account, the bank fee will be recorded as a Spend Money transaction assigned to the chequing account you’re reconciling. (If the account you’re reconciling is a Detail Account, the bank fee will be recorded as a General Journal transaction.)

The ID number assigned to the transaction begins with SC and includes the bank statement date you’ve entered in the Reconcile Accounts window. Verify the date and enter the account to which you want to allocate the charges (usually an expense account).

Interest

If you received interest, enter an amount in the Interest Earned section.

If the account you’re reconciling is a Detail Chequing Account, the interest will be recorded as a Receive Money transaction assigned to the chequing account you’re reconciling. (If the account you’re reconciling is a Detail Account, the interest will be recorded as a General Journal transaction.)

The ID number assigned to the transaction begins with IE and includes the bank statement date you’ve entered in the Reconcile Accounts window. Verify the date and enter the account you want to allocate the bank interest to (usually an income account).

Field Descriptions

Account

This field displays the account you entered in the Reconcile Accounts window.

The service charge or interest earned will be recorded in this account.

Currency

This field displays the currency of the account displayed in the Account field.

This field appears only if you selected the I Deal in Multiple Currencies option in the System view of the Preferences window.

Exchange Rate

This field displays the exchange rate of the currency displayed in the Currency field.

This field appears only if you selected the I Deal in Multiple Currencies option in the System view of the Preferences window.

Service Charges section

Amount (Service Charge)

Enter the amount of the service charge or fee.

ID #

When you begin to create a transaction in this window, an ID number is automatically assigned. The ID number assigned to the transaction begins with SC and includes the bank statement date you’ve entered in the Reconcile Accounts window.

If you want to enter a different number here, consider leaving the SC prefix assigned to the number, so you can distinguish the transaction as a bank entry transaction.

Date

The date entered on the Reconcile Accounts/Prepare Bank Deposit window appears automatically. Enter a different date if you want.

Expense Account

Enter the expense account you want to assign to the service charge or fee transaction.

Memo

Enter a description of the transaction. This description will appear on various reports, as well as journals.

Job

If you want to, assign a job to this transaction.

Category

If you want to, assign a category to this transaction.

This field appears only if you selected the Turn Category Tracking On option in the System view of the Preferences window. And if you selected the Required option when you chose that preference, you must select a category here before you can record this transaction.

Interest Earned section

Amount (Interest Earned)

Enter the amount of interest you earned.

ID #

When you begin to create a transaction in this window, an ID number is automatically assigned. The ID number assigned to the transaction begins with IE and includes the date you’ve entered in the Reconcile Accounts/Prepare Bank Deposit window.

If you want to enter a different number here, consider leaving the IE prefix assigned to the number, so you can distinguish the transaction as a bank entry transaction.

Date

The date entered on the Reconcile Accounts/Prepare Bank Deposit window appears automatically. Enter a different date if you want.

Income Account

Enter the income account you want to assign to the interest earned transaction.

Memo

Enter a description of the transaction. This description will appear on various reports, as well as journals.

Job

If you want to, assign a job to this transaction.

Category

If you want to, assign a category to this transaction.

This field appears only if you selected the Turn Category Tracking On option in the System view of the Preferences window. And if you selected the Required option when you chose that preference, you must select a category here before you can record this transaction.

Cancel

Click close the window without saving your changes.

Record

Click to record the information you’ve entered in this window. The window will close, and the Reconcile Accounts window/Prepare Bank Deposit will reappear.

Tips for this window

Related Topics

■	Bank deposits

■	Reconciling your bank accounts