# Profit and loss account **URL:** \ **Category:** Uncategorized\ **Created:** [May 2, 2017, 2:24pm UTC](https://forum.manager.io/t/profit-and-loss-account/9378 "2017-05-02T14:24:29Z")\ **Posts on this page:** 9\ **Page:** 1
**Author:** ![metalwork](https://avatars.discourse-cdn.com/v4/letter/m/f05b48/32.png) [@metalwork](https://forum.manager.io/u/metalwork)\ **Post date:** [May 2, 2017, 2:24pm UTC](https://forum.manager.io/t/profit-and-loss-account/9378/1 "2017-05-02T14:24:29Z")
If i pay for an expense eg Bank charges. How do i make it show in the Profit and Loss account? ---
**Author:** ![Tut](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/tut/32/3286_2.png) [@Tut](https://forum.manager.io/u/Tut)\ **Post date:** [May 2, 2017, 8:49pm UTC](https://forum.manager.io/t/profit-and-loss-account/9378/2 "2017-05-02T20:49:02Z")
Profit and Loss is not an account. It is a statement listing balances of income and expense accounts. When paying bank charges, allocate the expenses to an expense account, such as _Bank charges_. ---
**Author:** ![Kobus](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/kobus/32/1854_2.png) [@Kobus](https://forum.manager.io/u/Kobus)\ **Post date:** [December 26, 2017, 9:03am UTC](https://forum.manager.io/t/profit-and-loss-account/9378/3 "2017-12-26T09:03:31Z")
Thanx for this Question. Tut would this Bank Charges be done by a Journal Entry, because one gets it from the Bank Statement. It is not a physical payment. Am I correct in saying this? Maybe DT Accounting Fees under Expenses and CT the Bank Account. ---
**Author:** ![sharpdrivetek](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/sharpdrivetek/32/34244_2.png) [@sharpdrivetek](https://forum.manager.io/u/sharpdrivetek)\ **Post date:** [December 26, 2017, 11:10am UTC](https://forum.manager.io/t/profit-and-loss-account/9378/4 "2017-12-26T11:10:11Z")
when spending money just add another line selecting the Bank Charges under accounts column and allocate the charges against it. ---
**Author:** ![Brucanna](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/brucanna/32/1960_2.png) [@Brucanna](https://forum.manager.io/u/Brucanna)\ **Post date:** [December 26, 2017, 11:28am UTC](https://forum.manager.io/t/profit-and-loss-account/9378/5 "2017-12-26T11:28:28Z")
> [@Kobus](#): > > because one gets it from the Bank Statement. It is not a physical payment. Am I correct in saying this? No, it still is a physical payment as money is taken from your account, it is just that the bank makes the payment on your behalf instead of asking you to make the payment yourself. ---
**Author:** ![Kobus](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/kobus/32/1854_2.png) [@Kobus](https://forum.manager.io/u/Kobus)\ **Post date:** [December 27, 2017, 12:00pm UTC](https://forum.manager.io/t/profit-and-loss-account/9378/6 "2017-12-27T12:00:31Z")
Yes I know. What I meant is that you do not do the payment. It is deducted as per bank statement. My question was… Should I show it with a journal entry (DT Bank Charges and CT the Bank Accountor as a payment through the bank with bank transactions as a payment with “Spend Money”?. ---
**Author:** ![Brucanna](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/brucanna/32/1960_2.png) [@Brucanna](https://forum.manager.io/u/Brucanna)\ **Post date:** [December 27, 2017, 12:05pm UTC](https://forum.manager.io/t/profit-and-loss-account/9378/7 "2017-12-27T12:05:17Z")
You can only do it via Spend Money as you can’t use Journals for bank transactions. ---
**Author:** ![Kobus](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/kobus/32/1854_2.png) [@Kobus](https://forum.manager.io/u/Kobus)\ **Post date:** [December 27, 2017, 12:45pm UTC](https://forum.manager.io/t/profit-and-loss-account/9378/8 "2017-12-27T12:45:51Z")
Thank you. Much Appreciated. ---
**Author:** ![Ealfardan](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/ealfardan/32/63166_2.png) [@Ealfardan](https://forum.manager.io/u/Ealfardan)\ **Post date:** [January 18, 2023, 3:22pm UTC](https://forum.manager.io/t/profit-and-loss-account/9378/9 "2023-01-18T15:22:53Z")
Closed on January 18, 2023, 3:22pm UTC