Recording Supplier Payments via Bank with Bank Charges and Tax

Explanation of how to record supplier payments via the bank when the payment includes bank fees and tax.

Steps

1. Recording the supplier payment:

   • From “Purchases”

   • Then “Supplier vouchers”

   • Then “Add voucher” and enter the payment details

2. Adding bank fees and other expenses:

   • From “Accounting”

   • Select “Manual accounting entries”

   • Click “Add manual entry”

   • Enter the entry that contains:

     • Bank expense account

     • Tax if applicable

     • The appropriate counterpart account

Additional notes:

• Make sure the recorded amount matches the bank statement