Quickfile Automated Bank Fees - Nominal Code

Accounting
1

I’m using a free version of Quickfile but receive an annual Automated Bank Fees charge.

  1. What nominal code do I post this under - 7901 (Bank Charges) or 8201 (Subscriptions)?
  2. If these are bank charges, are they zero rated?
2

It’s not a charge for banking services, it’s payment for (an aspect of) your bookkeeping software, so I’d put it under either subscriptions or “hosting fees & IT consumables”.

The VAT status is whatever it says on the invoice from QuickFile (which I believe you can find in the “billing” section).

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