How do i tag a good will gesture from my bank?

Accounting
1

Hello
I’ve had a good ill gesture from my bank for errors made - how would I tag this from my current account?

2

You could tag this directly from the bank. First select the option Something else not on the list.

Then post to Miscellaneous Income (4900).

3

Thanks very much for your help.

1 Like
4

I’ve been logging my ‘loyalty rewards’, as my bank calls them, as refunds from the bank, credited against bank charges. Hopefully that won’t upset my year-end accountant.

5

I don’t see why that would be a problem the NET results at the end of the year should be the same. If your accountant preferred that they were reclassified, it also shouldn’t be a big problem to change that later.