How can I record monthly fee from the bank for a subscription of insurance and other benefits? Shall I use the Bank's name as a supplier?

Hi there, Jenn. Welcome to the Intuit Community.

I'll be happy to guide you on how to record a bank fee.

In QuickBooks Online (QBO), you can record the monthly fee for your insurance and other benefits subscription by creating an expense or bill transaction. Then, use the bank's name as the supplier.

To do this, here's how:

1. In the left menu, click the + New button.
2. Select Expense or Bill.
3. Choose the bank account from which the fee is being debited.
4. In the Payee field, enter the bank's name as the supplier.
5. Enter the date of the transaction and the payment method.
6. Select the appropriate expense account for the insurance and benefits subscription in the Category details section.
7. Enter the amount of the monthly fee.
8. Click Save and close.

If you prefer to enter the insurance and other benefits as an item, you can create a service item for those items.

For future help, you can visit our Expenses and Suppliers page to help you enter expenses, pay bills, and manage suppliers.

Please let me know if you have any other questions while recording your transactions in QBO. I'm always here to help you out. Have a great day!