Period-end tasks

To record bank service charges and interest earned

The Reconcile Accounts window should be displayed.

  1. Enter or select the account you want to reconcile in the Account field, and press tab.


  2. Enter the closing date that appears on your bank statement in the Bank Statement Date field.


  3. Click the Bank Entry button to open the Record Service Charges and Interest Earned window.


  4. Enter the service charge and/or interest earned amount(s).


  5. The date and an ID number are automatically assigned to the transaction.


  6. Enter an expense account for the service charge and/or an income account for interest earned.


  7. Enter a memo and other information, as necessary.


  8. Click Record. If you need to record additional bank charges or fees, click the Bank Entry button again.


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