Tagging Wise charges

Accounting
1

Hi all,
When (Transfer)Wise charges me for a currency exchange transfer, should I tag this as a bank charge or a currency charge? Does it matter?
Cheers :slight_smile:

2

Hello @madbilly

Both bank charges and currency charges would show in your overheads on you profit and loss.

It is your choice as to which code you would like to show them, as you mentioned it is relating to currency exchange that seems the most appropriate.

3

Thanks Steve, very helpful :slight_smile:

4

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