When do Interest Income and Service Charge Journal Entries show on a bank reconciliation?
The interest income and service charge journal entries are created during the bank reconciliation process. When the amounts are filled in on the Bank Statement Information Screen a journal entry is being created.
The amounts will show as a service charge and interest income during the bank reconciliation process.
If you look at a closed bank reconciliation the Service Charge and Interest are not shown in the same area. After a bank reconciliation is closed the Interest and Service Charge show as journal entries.