<?xml version="1.0" encoding="utf-8"?>
<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xml:lang="en" lang="en" xmlns="http://www.w3.org/1999/xhtml">
  <head>
    <!-- Start Webworks code in head section-->
    <meta http-equiv="Content-Type" content="text/html;charset=utf-8" />
    <meta http-equiv="Content-Style-Type" content="text/css" />
    <!-- saved from url=(0014)about:internet -->
    <title>Bank and Deposit Adjustments window—Bank Entry view</title>
    <link rel="StyleSheet" href="" type="text/css" media="all" />
    <link rel="StyleSheet" href="css/webworks.css" type="text/css" media="all" />
    <link rel="StyleSheet" href="document.css" type="text/css" media="all" />
    <script type="text/javascript" language="JavaScript1.2" src="scripts/expand.js"></script>
    <script type="text/javascript" language="JavaScript1.2" src="scripts/seealso.js"></script>
    <script type="text/javascript" language="JavaScript1.2">
      <!--
        var  WebWorksRootPath = "";
      // -->
    </script>
    <script type="text/javascript" language="JavaScript1.2">
      <!--
        		var  WebWorksSeeAlso = "xxx";
		      // -->
    </script>
    <!-- End Webworks code in head section-->
    <!-- Start custom CSS for layout-->
    <style>	
		#topborder {
		position : absolute;
		top: 0px;
		left:0px;
		width : 100%;
		height: 36px;
		background-color: #E4F1F8;
		padding: 0px;
				}
		#navigation {
		position : absolute;
		clear: right;
		top: 90px;
		width : 20%;
		left: 10px;
		border-right:3px dotted #C2DDF3;
		padding : 1px;
		overflow: hidden;
		}
		#content {
		margin-top: 42px;
		margin-left : 23%;
  		padding : 1px;
		}
		</style>
    <!--End custom CSS for layout-->
  </head>
  <body style="">
    <!--ZOOMSTOP-->
    <!--Above is code to tell the search engine to not index top matter-->
    <div id="topborder">
      <!--Start navigation buttons and company info at top of page-->
      <div style="text-align: left;">
        <table height="32px" cellspacing="5" summary="" align="right">
          <tr>
            <!--TOC is suppressed because of left navigation 
		  <td wwpage:condition="navigation-toc-current">
            <img src="images/tocx.gif" wwpage:attribute-src="copy-relative-to-output" alt="Table of Contents" wwpage:attribute-alt="navigation-toc-title" border="0"/>
          </td>
          <td wwpage:condition="navigation-toc-not-current">
            <a href="toc" wwpage:attribute-href="navigation-toc-link"><wwexsldoc:NoBreak /><img src="images/toc.gif" wwpage:attribute-src="copy-relative-to-output" alt="Table of Contents" wwpage:attribute-alt="navigation-toc-title" border="0" /></a>
          </td>
		  End comment for TOC suppression-->
            <!--Previous/next buttons are suppressed because of left navigation 
         <td wwpage:condition="navigation-previous-exists" valign="top"> 
		 <a href="previous" wwpage:attribute-href="navigation-previous-link"><wwexsldoc:NoBreak />
		<img src="images/prev.gif" wwpage:attribute-src="copy-relative-to-output" alt="Previous" wwpage:attribute-alt="navigation-previous-title" border="0" />
		</a> 
        </td>
          <td valign="top" wwpage:condition="navigation-previous-not-exists">
            <img src="images/prevx.gif" wwpage:attribute-src="copy-relative-to-output" alt="Previous" wwpage:attribute-alt="navigation-previous-title" border="0" />
          </td>
          <td wwpage:condition="navigation-next-exists" valign="top">
            <a href="next" wwpage:attribute-href="navigation-next-link"><wwexsldoc:NoBreak /><img src="images/next.gif" wwpage:attribute-src="copy-relative-to-output" alt="Next" wwpage:attribute-alt="navigation-next-title" border="0" /></a>
          </td>
          <td wwpage:condition="navigation-next-not-exists" valign="top">
            <img src="images/nextx.gif" wwpage:attribute-src="copy-relative-to-output" alt="Next" wwpage:attribute-alt="navigation-next-title" border="0" />
          </td>
		  		  End comment for Previous/next button suppression-->
            <a name="top"></a>
            <td valign="top">
              <a href="ix.html"><img src="images/index.gif" alt="Index" border="0" /></a>
            </td>
            <td></td>
            <td>
              <form method="get" action="searchhelp.htm" align="right">
                <input type="text" name="zoom_query" size="20"></input>
                <input name="submit" type="submit" value="Search" size="60"></input>
              </form>
            </td>
          </tr>
        </table>
      </div>
      <table summary="">
        <tr>
          <td class="WebWorks_Company_Logo_Top">
            <img src="images/logo.gif" />
          </td>
        </tr>
      </table>
    </div>
    <!--End navigation and company info at top of page-->
    <!--Start container for all content-->
    <div id="content">
      <br />
      <div class="WebWorks_Breadcrumbs" style="text-align: left;"></div>
      <!---Index image-->
      <!---Index image-->
      <!--ZOOMRESTART-->
      <!--Above is code to tell the search engine to start indexing after this line-->
      <blockquote>
        <div class="ho_OverviewHeading"><a name="267692">Bank and Deposit Adjustments window</a>—Bank Entry view</div>
        <div class="b_Body"><a name="289896">Use this window to enter and record bank charges, credit card fees and bank interest earned. </a></div>
        <div class="hps_ProcedureSubheading"><a name="289900">Bank  service charges</a></div>
        <div class="b_Body"><a name="289184">If you’ve received bank service charges, enter the amount of each charge in the Service Charges section. </a></div>
        <div class="b_Body"><a name="287065">If you’re reconciling a Detail Cheque Account, the bank fee will be recorded as a Spend Money transaction </a>assigned to the cheque account you’re reconciling. (If the account you’re reconciling is a Detail Account, the bank fee will be recorded as a General Journal transaction.) </div>
        <div class="b_Body"><a name="287072">The ID number assigned to the transaction begins with SC and includes the bank statement date you’ve </a>entered in the Reconcile Accounts window. Verify the date and enter the account to which you want to allocate the charges (usually an expense account). </div>
        <div class="hps_ProcedureSubheading"><a name="292260">BASlink</a></div>
        <div class="b_Body"><a name="292261">To reflect Bank Entry transactions in BASlink, select a tax code for the transactions entered. As all supplies and </a>acquisitions need to be shown on the Business Activity Statement, you must select the correct tax codes for each type of transaction you enter using this window.</div>
        <div class="hps_ProcedureSubheading"><a name="287075">Interest</a></div>
        <div class="b_Body"><a name="287076">If you received interest, enter an amount in the Interest Earned section. </a></div>
        <div class="b_Body"><a name="287080">If the account you’re reconciling is a Detail Cheque Account, the interest will be recorded as a Receive Money </a>transaction assigned to the cheque account you’re reconciling. (If the account you’re reconciling is a Detail Account, the interest will be recorded as a General Journal transaction.) </div>
        <div class="b_Body"><a name="287087">The ID number assigned to the transaction begins with IE and includes the bank statement date you’ve entered </a>in the Reconcile Accounts window. Verify the date and enter the account you want to allocate the bank interest to (usually an income account).</div>
        <div class="b_Body"><a name="292266">Many of the business-associated financial fees, such as account keeping fees, credit card fees and interest, </a>money transfer services, and others are input taxes (i.e. not subject to GST). Some of the other financial services and products, such as cheques fees, merchant fees and others, attract GST. A tax code is assigned against the amounts of bank fees and interest earned, as well as other entries that might be done through this window. This way all the tax allocated will be reflected in BAS and tax code reports</div>
        <div class="hp_ProcedureHeading" onclick="WebWorks_ToggleDIV(WebWorksRootPath, &quot;wwdd262870&quot;);">
          <span class="N_007eProcBullet"></span><a name="262870">Field Descriptions</a><script type="text/javascript" language="JavaScript1.2">WebWorks_WriteArrow(WebWorksRootPath, "wwdd262870", false);</script></div>
        <script type="text/javascript" language="JavaScript1.2">WebWorks_WriteDIVOpen("wwdd262870", false);</script>
        <div class="hps_ProcedureSubheading"><a name="262956">Account</a></div>
        <div class="b_Body"><a name="275525">This field displays the account you entered in the Reconcile Accounts window.</a></div>
        <div class="b_Body"><a name="275527">The </a>bank charge or interest earned will be recorded in this account.</div>
        <div class="hps_ProcedureSubheading"><a name="291690">Tax Inclusive</a></div>
        <div class="b_Body"><a name="291694">Select this option to indicate that service charges and interest earned are entered inclusive of tax in this </a>window.</div>
        <div class="hpn_ProcedureHeadingNoSplit">
          <span class="N_007eProcBullet"></span><a name="263324">Bank</a> Charges section</div>
        <div class="hps_ProcedureSubheading"><a name="262968">Amount (</a>Bank Charge)</div>
        <div class="b_Body"><a name="262970">Enter the amount of the </a>bank charge or fee.</div>
        <div class="hps_ProcedureSubheading"><a name="280089">ID #</a></div>
        <div class="b_Body"><a name="280090">When you begin to create a transaction in this window, an ID number is automatically assigned. The ID </a>number assigned to the transaction begins with SC and includes the bank statement date you’ve entered in the Reconcile Accounts window.</div>
        <div class="b_Body"><a name="280091">If you want to enter a different number here, consider leaving the SC prefix assigned to the number, so you can </a>distinguish the transaction as a bank entry transaction.</div>
        <div class="hps_ProcedureSubheading"><a name="280097">Date</a></div>
        <div class="b_Body"><a name="280098">The date entered on the Reconcile Accounts/Prepare Bank Deposit window appears automatically. Enter a </a>different date if you want.</div>
        <div class="hps_ProcedureSubheading"><a name="280099">Expense Account</a></div>
        <div class="b_Body"><a name="280100">Enter the expense account you want to assign to the </a>bank charge or fee transaction. </div>
        <div class="hps_ProcedureSubheading"><a name="280106">Memo</a></div>
        <div class="b_Body"><a name="280110">Enter a description of the transaction. This description will appear on various Accounting reports, as well as </a>journals.</div>
        <div class="hps_ProcedureSubheading"><a name="291716">Tax Code</a></div>
        <div class="b_Body"><a name="291720">Once the associated expense account is entered, the default tax code that was selected for that account in the </a>Edit Accounts window appears in this field. The rate of this tax code is used to calculate the amount of tax that appears in the Tax field. </div>
        <div class="b_Body"><a name="291736">You can change the tax code selection in this window and the new tax code will apply to this transaction only. </a>The amount of tax will recalculate according to the new tax code rate.</div>
        <div class="b_Body"><a name="291752">Once you select a tax code, the tax amount based on the tax code’s rate appears. You can click the zoom arrow </a>to open the Tax Information window, where you can view and change tax amounts assigned to transactions entered in this window. </div>
        <div class="b_Body"><a name="292296">If you click the zoom arrow, a message appears warning you that a change in the Tax values in the Tax </a>Information window could affect BASlink calculations.</div>
        <div class="hps_ProcedureSubheading"><a name="277837">Job</a></div>
        <div class="b_Body"><a name="277838">If you want to, assign a job to this transaction. </a></div>
        <div class="hps_ProcedureSubheading"><a name="272196">Category</a></div>
        <div class="b_Body"><a name="272232">If you want to, assign a category to this transaction. </a></div>
        <div class="b_Body"><a name="272236">This field appears only if you selected the Turn Category Tracking On option in the System view of the </a>Preferences window. And if you selected the Required option when you chose that preference, you must select a category here before you can record this transaction.</div>
        <div class="hpn_ProcedureHeadingNoSplit">
          <span class="N_007eProcBullet"></span><a name="263359">Interest Earned section</a></div>
        <div class="hps_ProcedureSubheading"><a name="263393">Amount (Interest Earned)</a></div>
        <div class="b_Body"><a name="263395">Enter the amount of interest you earned.</a></div>
        <div class="hps_ProcedureSubheading"><a name="280119">ID #</a></div>
        <div class="b_Body"><a name="280120">When you begin to create a transaction in this window, an ID number is automatically assigned. The ID </a>number assigned to the transaction begins with IE and includes the date you’ve entered in the Reconcile Accounts/Prepare Bank Deposit window. </div>
        <div class="b_Body"><a name="280121">If you want to enter a different number here, consider leaving the IE prefix assigned to the number, so you can </a>distinguish the transaction as a bank entry transaction. </div>
        <div class="hps_ProcedureSubheading"><a name="280122">Date</a></div>
        <div class="b_Body"><a name="280123">The date entered on the Reconcile Accounts/Prepare Bank Deposit window appears automatically. Enter a </a>different date if you want.</div>
        <div class="hps_ProcedureSubheading"><a name="280129">Income Account</a></div>
        <div class="b_Body"><a name="280130">Enter the income account you want to assign to the interest earned transaction. </a></div>
        <div class="hps_ProcedureSubheading"><a name="280131">Memo</a></div>
        <div class="b_Body"><a name="280135">Enter a description of the transaction. This description will appear on various Accounting reports, as well as </a>journals.</div>
        <div class="hps_ProcedureSubheading"><a name="291777">Tax Code</a></div>
        <div class="b_Body"><a name="291781">Once the associated expense account is entered, the default tax code that was selected for that account in the </a>Edit Accounts window appears in this field. The rate of this tax code is used to calculate the amount of tax that appears in the Tax field. </div>
        <div class="b_Body"><a name="291797">You can change the tax code selection in this window and the new tax code will apply to this transaction only. </a>The amount of tax will recalculate according to the new tax code rate. </div>
        <div class="b_Body"><a name="291813">Once you select a tax code, the tax amount based on the tax code’s rate appears. You can click the zoom arrow </a>to open the Tax Information window, where you can view and change tax amounts assigned to transactions entered in this window. </div>
        <div class="b_Body"><a name="292301">If you click the zoom arrow, a message appears warning you that a change in the Tax values in the Tax </a>Information window could affect BASlink calculations.</div>
        <div class="hps_ProcedureSubheading"><a name="277847">Job</a></div>
        <div class="b_Body"><a name="277848">If you want to, assign a job to this transaction. </a></div>
        <div class="hps_ProcedureSubheading"><a name="272216">Category</a></div>
        <div class="b_Body"><a name="290030">If you want to, assign a category to this transaction. </a></div>
        <div class="b_Body"><a name="290034">This field appears only if you selected the Turn Category Tracking On option in the System view of the </a>Preferences window. And if you selected the Required option when you chose that preference, you must select a category here before you can record this transaction.</div>
        <div class="hps_ProcedureSubheading"><a name="263468">Cancel </a></div>
        <div class="b_Body"><a name="263470">Click close the window without saving your changes.</a></div>
        <div class="hps_ProcedureSubheading"><a name="263353">Record </a></div>
        <div class="b_Body"><a name="263409">Click to record the information you’ve entered in this window. The window will close, and the Reconcile </a>Accounts window/Prepare Bank Deposit will reappear.</div>
        <script type="text/javascript" language="JavaScript1.2">WebWorks_WriteDIVClose();</script>
        <div class="Sample_heading"><a href="1660000c-03.htm#273504" name="290067">Tips for this window</a></div>
        <div class="href_ReferenceBlockHeading"><a name="289939">Related Topics</a></div>
        <div class="bbi_BulletedIndented_outer" style="margin-left: 14.1732pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bbi_BulletedIndented_inner" style="width: 9.9216pt; white-space: nowrap;">
                  <span style="color: Gray;">■</span>
                </div>
              </td>
              <td width="100%">
                <div class="bbi_BulletedIndented_inner"><span class="l_Link"><a href="banking.6.3.htm#1121395" name="292337">Bank deposits</a></span></div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bbi_BulletedIndented_outer" style="margin-left: 14.1732pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bbi_BulletedIndented_inner" style="width: 9.9216pt; white-space: nowrap;">
                  <span style="color: Gray;">■</span>
                </div>
              </td>
              <td width="100%">
                <div class="bbi_BulletedIndented_inner"><span class="l_Link"><a href="banking.6.9.htm#1093142" name="292341">Reconciling your bank accounts</a></span></div>
              </td>
            </tr>
          </table>
        </div>
      </blockquote>
    </div>
    <div style="font-family:Arial, Verdana;font-size:x-small;text-align: right;">
      <a style="color:gray" href="#top">Top of page</a>
    </div>
    <!--End container for all content-->
    <!--Start container for left navigation-->
    <div id="navigation">
      <script type="text/javascript" src="scripts/quickmenu.js"></script>
    </div>
    <!--End container for left navigation-->
    <!--Start stuff at bottom of page-->
  </body>
</html>