The bank charged an amount per check for excessive check usage. The bank is refunding this charge. How can the charge and the refund be processed to balance with the check reconciliation.
- posted
18 years ago
QB Bank Charges
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- posted
18 years ago
Record the amount deducted a bank service charge if it appears on this bank statement without the credit. When the credit comes record it to the bank service charge account and it'll wipe out the charge plus show up as a credit/deposit for your next reconciliation. If you get them both at the same time you can make separate debit & credit entries or ignore them since they wipe each other out.