Enter your bank charge settings

To start using bank charges, you must add bank charge settings to your bank account record. You can amend these settings at any time.

1. On the navigation bar click Bank accounts.
2. Double-click the bank account where you post your customer receipts and supplier payments.
3. Click Settings, then complete the window as follows:

   Default Charge Account	Click the bank account you pay your bank charges from. This can be the current bank record or a different one, for example, if this is a foreign bank account but your charges are paid from your Sterling account.
   Nominal Code	Click your bank charges nominal code, for example, 7901. If required, to create a new nominal code click New.
   Department	Click the department you want to post bank charges to.
   Tax Code	The default tax code for bank charges is T2 by default, which is the Exempt VAT rate as advised by HMRC and the Revenue. You can change this if required.

4. Click Save then click Close.
5. Repeat the above steps for any other bank accounts as required.

Post a payment or receipt and bank charge

1. On the navigation bar click Bank accounts.
2. Click Customer receipt or Supplier payment as required.
3. Enter the receipt or payment details as normal.
4. Against the required invoice, click the Bank Charge column then enter the bank charge amount.
   If you're using Foreign Trader, the Cur column shows the bank charge currency.
5. Click Save then click Close.

This posts a sales receipt or supplier payment, plus a bank payment to represent the bank charge. You can view bank charges from within customer and supplier records.

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