Recording Bank Charges

To record bank charges in Envoici, you first need to create an account for bank charges.

Steps to Create a Bank Charges Account #

1. Go to Chart of Accounts: Navigate to Accounting > Chart of Accounts.
2. Add New Account: Click on + New Account and fill in the necessary details such as account name (“Bank Charges”) and save the account.

Steps to Record Bank Charges

1. Navigate to Record Expense: Go to Expenses > Record Expense > New Expense.
2. Select Cash Expense.

Fill in the Expense Details

1. Paid From Account: Select the account from which the bank charges were paid.
2. Expense Record Date: Enter the date when the bank charges were incurred.
3. Project (Optional): If applicable, select the project to associate the expense with.
4. Expense: From the dropdown, select Bank Charges, then enter the description, tax (if applicable), and the amount.
5. Attach Receipt: You can attach a scanned proof of the bank charge (image or PDF).
6. Narration: Add any additional notes about the transaction if necessary.

Final Steps:

Once all the details are filled in, click Save to record the bank charges.