<![CDATA[FrontAccounting forum — Bank charges in Payments to Suppliers]]> https://frontaccounting.com/punbb/viewtopic.php?id=5992 Sat, 24 Oct 2015 14:27:11 +0000 PunBB <![CDATA[Re: Bank charges in Payments to Suppliers]]> https://frontaccounting.com/punbb/viewtopic.php?pid=24550#p24550 Go to Setup->System and General GL Setup and look for the "Bank Charges Account" setting. I would suspect it's set to your bank account, rather than the expense account you expect.

]]> Sat, 24 Oct 2015 14:27:11 +0000 https://frontaccounting.com/punbb/viewtopic.php?pid=24550#p24550 <![CDATA[Bank charges in Payments to Suppliers]]> https://frontaccounting.com/punbb/viewtopic.php?pid=24549#p24549 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
- Posted

I 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

]]> Sat, 24 Oct 2015 04:20:32 +0000 https://frontaccounting.com/punbb/viewtopic.php?pid=24549#p24549