How to record charges levied by the bank towards account maintenance in system (eg: cheque bounce and cheque book charges) ?

Please find below process to record amount charged by the bank towards maintaning books.

Please record the amount under expenses into the system.

1) Kindly login to system, go to Accounting->Setup, and click on “Setup Expense Categories” link, create a separate expense category such as Bank Charges or any other name of your choice

2) Upon creating expense category, please go to Expenditure->Expenses, click on “Add Expenses’ select the above created expense category from drop down options associated with “expense category” field, select “paid by” as “NEFT” fill in other appropriate details in that page and click on “Save”.

Upon which the amount will be recorded into the system and can be viewed under Expenditure->expenses.

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