Bank fees per bill payment

Hi MPloeg,

Welcome to Community!  QuickBooks Online currently doesn't have a feature to automatically apply a fixed amount for bank fees.  However, this would be a great suggestion to submit to our Development team for future updates.  In the meantime, I'd be happy to show you how to account for the fees so you can match your transactions and reconcile with peace of mind!

Here's how to account for bank fees:

Step 1-Create an Expense account;

-Open your Settings ⚙ in the top right of your QuickBooks Online account

-Select Chart of accounts

-Click New

-Create an Expense account for Bank charges and give it a name such as 'Bank fees'

-Hit Save and close

Follow these steps to resolve the difference when matching your transactions;

-Open Transactions from the left menu and then select Banking (Take me there).

-Select the Bank Account  

-From the Review tab, locate and select the transaction

-Select Find Match

-In the Match transactions window, select the checkbox of the appropriate Invoice

-Click on Resolve Difference to open the Add resolving transactions fields

-Select Add new transaction

-In the Category field, use the ▼ dropdown menu and select the 'bank fees' Expense account you created

-Enter the Amount of the bank fee

-When finished, hit Save and close.

Should you require additional assistance, please don't hesitate to contact us.  Your success is our number one priority and we'd be happy to help!