Forum Message

Refund Bank Fee

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


Posted by Daniel Jowett on Aug 15, 2013 6:03 PM BST

Hi Daniel,

You have recorded the refunded fee correctly. It is OK for the Bank Fee expense account to have a negative balance.

Cheers


Posted by Mark McLaren (Solar Accounts) on Aug 16, 2013 7:41 AM BST