Invoicing and receipts
Reconciling payments with bank fees
It is possible to record bank fees at the same time as an invoice payment by adding adjustments during reconciliation.
Learn by watching
View this reconciliation process in action, or read on below.
Adding adjustments for bank fees
Simultaneously recording invoice payments and bank fees
If you’ve received 95 SAR for an invoice of 100 SAR because the bank charged you 5 SAR, you’ll want to record the invoice payment and the bank charges. Here's how:
- Go to
Bank Accounts
in the left side menu, then click on theReconcile
button of the relevant bank account. Look for the invoice payment transaction and click itsReconcile
button. - Select the transaction corresponding to the invoice payment that you’ve received. To add the 5 SAR bank charges adjustment against that transaction, click on
Add adjustment
, and from theDescription
drop-down menu, select theBank Fees and Charges
expense account, then click theMatch
selected button. - Your transaction’s status will change to Reconciled.
The bank charges you’ve recorded in your Bank Fees and Charges expense account will be added to your books.