How to Record Bank Fees in QuickBooks
Recording bank fees in your Quickbooks can help you avoid overspending or overdrafting your bank account. Quickbooks records your bank fee, similar to a check charge or cash withdrawal. By taking down these bank fees, you may avoid issues or headaches when it comes to your financial situation.
- Ensure your personal computer or company's computer has the Quickbooks software.
- Make sure the software is up to date with the latest software before recording any of your transactions.
- Double-click the Quickbooks program to launch and begin the recording process.
- Click on “File” then “Open or Restore Company” to gain access to the correct Quickbooks file.
- Select the “Open a company file” button and then click “Next.” Choose the proper Quickbooks file name and open it.
- Find the “Banking” option and select it. Locate the “Use Register” option on the top of the screen and then select it.
- Find the account that corresponds with the fee you are recording in the drop-down menu. Select “OK” to head on to the next step.
- Use your mouse or directional keys and scroll down to the bottom to find a blank transaction space.
- Click on the date field to enter the date of the fee charge. Providing the date will help you if you ever need to recall it in the future.
- Enter your bank fee amount in the “Payment” column.
- Categorize the transaction as “Bank Service Charges” in your account's drop down menu.
- Select “Record” to save and finalize the transaction.