I don't know if I am not doing the correct thing. This is what I have done to pay an invoice from a vendor:
- Went to Payments to Suppliers
- Since this was done via a Wire Transfer and there was a Bank Fee, I filled the field "Bank Charge" with $40 for the charge
- Paid the full amount of the invoice in the corresponding field
- PostedI was expecting to have the $40 to go into an expense account (Bank fees)
I see a credit in the bank account for the amount of the invoice + $40 and
I see a debit in the bank account for $40
Is this correct? I was expecting:
- Credit the bank account with the invoice cost + $40
- Debit accounts payable
- Debit expense for $40
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