Bank Fees for Incoming and Outgoing Payments

Hi All,
What's the best way to record the bank fees for incoming and outgoing payments? Can it be done directly in the payment, or can it only be done as a manual journal entry?
Many thanks,
Myran

>
Poonkodi Kaliappan wrote:
> Hi,
>
> In Outgoing/Incoming payment payment means if you enter the actual amount in the bank transfer tab in the cash tab delete the cash account and select bank charges (expense) account put bank charge in total field and added it. In accounts point of view check this please.
Hi,
Thanks for your response. I tried doing as you suggested. In Bank Transfer I reduced the Total amount by the sum of the bank charge ($20), and then I selected the bank expense account in G/L Account under Cash, and entered the sum $20. Now the Overall Amount equals the amount of the invoice being paid.
However as I entered the bank charges account I got the following message:
A cash account is required. Choosing a different account may cause inaccuracies in the cash flow report
Can you tell me if I can ignore this?
Many thanks,
Myran

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