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Bank Charge

Banks often demand a fee (bank charge) in connection with international payments. Here you enter the bank charge, if any. The bank charge can be registered in the same currency as the invoice or in the company currency. Please note that if the invoice is registered in the company currency, no currency code can be selected for the bank charge.

By using the button Load basic fee, a default bank charge will be loaded into this field from the Invoices section under the Sales tab in the Settings procedure. You can also enter a customer-specific bank charge under the Address/Terms tab in the Update Customer procedure.

Bank charges are recorded automatically against another account than the payment transaction's account. You will find special standard account for this purpose in the Chart of Accounts / Standard Accounts procedure in the Global Settings. The standard account is called Balance account for bank charges. It is possible to code bank charges on the same account as the payment if you have configured the setting Bank charges are coded on the same account as the payments under Payments in under the Sales tab in the Settings procedure.