Monthly Bank Service Fees - Debit and Credits on Balance Sheet
We are into the second month of using quickbooks. We are linked to our chequing account and have categorized monthly bank fees as Transaction type: EXPENSE and Category: Bank Charges. On the balance sheet this shows up properly as a credit transaction in the Assets section but there is no matching debit transaction showing in the Liabilities and Equity section. Any ideas why and where to look or do I just need to do a journal entry for the debit transaction?
