Question by  varinder (67)

What is the process for recording bank fees in quickbooks?

I need to understand how to record fees in quickbooks.


Answer by  Gingercakes (920)

Most banks will allow you to automatically update your books if you give quickbooks your bank name, routing number, and account numbers. If your bank doesn't, you can create a label, called "bank fees" or whatever using the tools, customize item. If that doesn't work, look in the help tab, it will walk you through the process.


Answer by  gigo (1706)

Instead of putting the bank fees under bank service charges, create an own unique account for the fees as you would do with merchant expenses.

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