Record bank interest or charges

Enter bank interest or service charges from Cash Management. In a multi-currency company, enter bank interest and charges at the entity level.

Accounting example

Service charge

General Ledger account	Debit	Credit
Current		15.00
Financial fees–service charges	15.00

Interest earned

General Ledger account	Debit	Credit
Current	100.00
Interest income		100.00

1. Go to Cash Management > All > Transactions and select Add (circle) next to Interest and charges.

2. Select the Bank account and enter the Date of the transaction.
3. For the Transaction type, select one of the following:
   • Select Service charge to record the monthly charge for the account.
   • Select Interest earned to record the interest if it's an interest-bearing bank account.
4. Enter the transaction number from your statement in the Reference number field.

   This value appears as the Document number in lists and the register report.

5. Optionally, add a Description.
6. Optionally, to permanently and safely store a digital version of a supporting document, in the dropdown next to Attachment, select an attachment, or select Add, then upload your attachment An attachment is a bundle of one or more supporting documents, such as spreadsheets, scanned images, or word processor documents..
   Details

   Learn more about who can add attachments.

   You can drag and drop your files to add an attachment. To attach a document to multiple journal entries, see Bulk processing.

7. In a multi-currency company, enter Currency and Exchange rate information about the adjustment in the Currency section.
   1. Select the Transaction currency.

      If the currency is not your company's base currency, continue with the next two steps.

   2. Select an Exchange rate type such as Intacct Daily Rate (which is the system-supplied default exchange rate type).

      If you know what the exchange rate for this transaction is, or have contracted with the supplier on a set exchange rate, enter it in Exchange rate.

   3. Enter or select a date in Exchange rate date.

      The default is the current date, but you can override this. For example, you can change it to the date the transaction was issued, or the date you intend to pay the transaction.

      If you override the Date field, the Exchange rate date updates automatically.
8. In the Entries section, you can add values directly to each line item, or select Show defaults to define default values to autofill each line item. To set up a value as a default for each existing and new line item, select the dropdown beside the appropriate field and choose a value. You can override any default value on any line item.
9. For each line item, enter information such as the account, transaction amount, and dimension values, if any.

   Sage Intacct automatically converts the transaction amount and displays the converted amount in Amount. You can edit this amount to adjust it. In Description, Intacct automatically copies the transaction type for the line item based on the type that you selected earlier.

10. Select Save.