Hi,
my bank refunded an overdraft fee. How can I record this?
Does it matter that the original fee was in the previous financial year?
I've tried just making a Transaction from Bank Fees to the Current Account, but then my Bank Fee account has a negative balance. Is this something my accountant will sort out?
Thanks,
Daniel
Hi Daniel,
You have recorded the refunded fee correctly. It is OK for the Bank Fee expense account to have a negative balance.
Cheers