Hello guys i need help, i am using Manager Accounting system to run my business but am finding it hard to reconcile the bank against the cashbook, how to i post bank charges against the bank because i have no clue how to reconcile the bank account deducting bank charges
thank you
Bank charges are expense that should be recorded under Bank Transactions by entering Spend Money transactions. Exactly where and when you do this depends on how they are assessed. Are they deducted from incoming customer receipts? Are they applied to you account at the end of the month?