I use a bank account to pay for an invoice, but the payment has a fee, i can use (Payments) to enter the fee to the expenses.
Is there a way to instead add this fee to the cost of goods (freight-in)? I cant seem to figure it out
These payments to the bank for their services are bank charges and they show as such on the Bank Statement and thus should be assigned to a Bank charges Expense account (you may have to create such account in Chart of Accounts).
You’re right, but I want the fee to increase the cost of my goods instead of increasing (Bank charges Expense) account …
so currently this happens:
debit Expenses:BankCharge
credit: Assets:BankAccount
I want this to happen
debit Expenses:CostOfGoodsSold
credit: Assets:BankAccount
but i want to choose the item to be affected
I’m entering the bank data manually.
