Reconciling Bank and Gocardless fees and petty cash

[ej2012]

Hello,

I have a few related questions as follows;

1. How do you reconcile/tag Business Bank Account monthly charge fees and interest fees? I have all these £6 charges but don’t know where to allocate them?

2. Gocardless - how do you reconcile the ‘payments received’ and separately the ‘fees’ charged against the ‘payments’?

3. Petty Cash - E.G. We pay in weekly cash received as room rent, which can be for example £250 - if I wanted to take £50 from this to put into our petty cash tin, it would leave £200 to pay in as room rent fees, how do I then reconcile this on QuickFile? Effectively I need to reconcile £250 against room rent paid in but only have £200 paid, and £50 missing, as gone to cash tin?

Thanks
Emma

[rhc]

Hi ej2012
Please read your other thread

Reconcile bank and Gocardless fees and petty cash

Hi Emma, For 1., You are writing an purchase invoice over £6 pounds with the name of your bank (if you want you can create an supplier with the name of your bank beforehand). Then you tag the amount in your current account, or wherever you hold the charged amount, with the invoice just created. 2.: You should create an merchant account in the “Banking” section where you create an purchase (credit) entry for the Gocardless fee, which you tag to an purchase invoice for Cogardless (like the same …