How to record bank charges in Envoici

To record bank charges, first, you have to create an account with the name of the bank charges. 

For the creation of an account go to Accounting > Charts of account and click on a new account and fill in the details as shown in below image and save it.

Now you can record Bank charges via the following steps:

Expenses > Record Expense > New Expense

Click on Cash Expense.

Fill in the details:

1) Paid from Account – Select the account from the drop-down

2) Expense Record Date – Select the date on which the bank charges are paid

3) Select project – You can select if you want to group the transactions.

4) Expense – Select Bank Charges from the drop-down, enter the description, tax if applicable,  and enter the amount.

5) Attach a scanned proof (image or pdf document) – You can attach the bank charge receipt

Click on Save and it’s Done !!

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