Account Bank Charges from foreign payments

[dan.l]

When I receive payment from foreign clients, bank charges will go in Current Assets category 1202 Bank Charges.

My invoice is £2500, bank pays £2450 after charges on my account, once foreign client paid from abroad.
I used to create invoice for amount of £2500, tag transaction and assign to that client account.
Once done that would go to invoice management, log payment from that client account, choose pay in total bank charges by bank transfer same day.
Can you help me with one transaction to put correctly in Quickfile?
Thanks,
Dan

[QFMathew]

Hello @dan.l

The best way to deal with this is to create 2 transactions based on the one received.

Instead of just £2,500 coming in, also have one fort £50 going out.

The £2,500 should be tagged to the invoice for the client, and the £50 tagged to bank charges (or similar). The net effect would be £2,450.

Hope that helps!