Bank Charges in F-48

[Former Member]

Hi Friends,

I need a clarification about bank charges at the time of down paymnet entry in screen f-48 & f-29.

Ex: I paid to vendor 1000/-

Bank charges 50/-

what will be the accounting entry in the above scenario.

Ex: I received from customer 950/- but he transfered 1000/-

Remaining 50/- will be charges

what will be the accounting entry in this time

Thanks in advance

NMB

[Former Member · Accepted solution]

Hi

First Example:

Vendor Dr. 1000

Bank Charges (Expense) Dr. 50

Bank Account Cr. 1050

Second Example:

Bank Charges (Expense) Dr. 50

Bank Account Dr. 950

Customer Cr. 1000

In all the payment transactions ie customer and vendor, system will give you the option of filling bank charges amount.

regards

Parag Bhargava

[Former Member · Accepted solution]

Dear Bhargava,

Thanks for your reply

Bye

NMB