Foreign currency conversion fee

[Drew2]

I’ve recently connected my Santander active bankfeed. On the bank statement imported to quickfile I have lots of seperate small amounts coming out for “Foreign currency conversion fee”. Please can someone advise me in simple English how I account for these. Many thanks in advance. Drew

[rhc]

Hi,
You can tag them on your bank account screen in quickfile to “something not on the list” and look for Bank fees/charges.
You can also create an account in charts of accounts, call it like Foreign currency conversion fee and tag your bank account entries to that account. It’s possible that you already have that account, just check you charts of accounts.
If you don’t have it have a look here that may helps

The Chart of Accounts

Introduction The Chart of Accounts is the backbone of your accountingsystem and will allow you to categorise your various business transactions. To keep things simple QuickFile comes preloaded with around 150 nominal accounts. You can add your own accounts to this list or trim them down to just the bare minimum you require. You can access the Chart of Accounts from the Reports menu. [image] Each account is identified by a 4 digit account number. These account numbers are shared by many other…

[Drew2]

Thank you, that is really helpful. I’ll try the 1st option first as seem the easiest for me. Thank you once again.

[Drew2]

Thank you, your 1st suggestion worked a treat.