tracking bank service charges

Colin Law clanlaw at gmail.com
Thu Jul 2 15:31:43 EDT 2015


On 2 July 2015 at 17:46, gg <gg at mailinator.com> wrote:
> I'm lloking for help on registration of bank service charges, such as fees
> for opening accounts and card issuing.
>
> I have a standard business setup of gnucash.
> All incoming payments are registered as positive numbers on Income->Sales
> account. This automatically reflects on balance of Assets->Current Assets
> account.
> I figured that Bank expenses should be registeted as transactions to
> Expenses->Bank service charges account. But which account should be used as
> Transfer From account? I think it should probably be one of Current Assets
> subaccounts (likely Checking Account), but all these subaccounts are zeros,
> so payment would make this subaccount account negative. Am I right about
> this?

Whichever account you pay the service charge from.  Normally that
would be one of the bank accounts.

Colin


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