PSA L&P - Bank Reconciliation: How to change or add the interest and service charge accounts

How to change the interest and service charge accounts

  1. Go to the Accounts screen and find the bank account.
  2. Edit or add the interest and service charge accounts under Additional Asset Information outlined in the screenshot below.
    • Only income or dedicated accounts may be used for the interest account.
    • Only expense or dedicated accounts may be used for the service charge account.
    • If you plan to use a different account type for either of these items (not recommended), you must create a journal entry to add the amounts to your ledger.
  3. Click Submit. 

 


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