Recording Bank Fees

If your bank charges fees for various services, you can track them with the Check Reconciliation Add screen.

To record a bank fee

1. On the General Ledger menu, select Check Reconciliation. The Check Reconciliation screen appears.

2. Select the bank account from which the fee will be withdrawn.

3. Click Add. The Check Reconciliation Add screen appears.

4. For the transaction type, select Fee.

5. To backdate or postdate the fee, change the entry in the Date field.

6. Enter the following information:

a. Type the name of the payee.

b. Type a memo, reference (such as a document number), or both if needed.

7. Create an offsetting entry for the fee:

a. Click Add. A journal-entry line appears.

b. Enter the account number, account name (description), and amount for the offsetting entry.

Note: Depending on the scenario, you might also need to select a different site, department, or GL class for the offsetting entry. To look up an account number, site, department, or class, press in the appropriate column and make a selection from the list that appears.

c. To make additional entries for the fee, repeat steps 7 a and 7 b. TireMaster calculates the total amount of the fee.

8. Click OK. TireMaster prompts you to complete the transaction.”

9. Click Yes. The Report Window opens and displays the JE Edit Report.

10. Print the report and close the Report Window.