Voucher type: Bank Entry
A Journal Entry that involves a bank account, with cheque number and date fields for bank reconciliation.
In detail
Bank Entry is the voucher type for a Journal Entry that touches a bank account without a customer or supplier invoice behind it: bank charges, interest earned, a transfer between two of your own accounts, a loan instalment. Choosing it reveals Cheque No and Cheque Date, which the Bank Reconciliation Tool and the Bank Reconciliation Statement use, and it puts the entry in the list of items waiting for a clearance date. The posting is still only the rows you type. Use a Payment Entry instead when a party is involved, because only Payment Entries allocate against invoices. The figures below record the monthly charges the bank deducted.
Accounting entry
| Account | Debit | Credit |
|---|---|---|
| Bank Charges - YFF | Rs 500 | |
| Bank Account - YFF | Rs 500 |
How to record it in BRAccount
- 01Go to Invoicing > Journal Entry > New and set Voucher Type to Bank Entry.
- 02Add a row debiting Bank Charges - YFF and a row crediting Bank Account - YFF.
- 03Enter the statement reference in Cheque No and the statement date in Cheque Date.
- 04Save and Submit. The rows below post and the entry waits in the Bank Reconciliation Tool for its clearance date.
When to use it
Use for bank charges, interest or transfers you prefer not to record as Payment Entries.
Example from the demo books
Record Rs 500 monthly bank charges, debited to Bank Charges and credited to the bank.