My primary account is in pounds. On 06.02.2024, I paid a $2.28 bank fee. This transaction was imported from Wise into QBO. How can I record this transaction in QBO?

Hi there, Hiviouk.

In QuickBooks, there's a specific method to combine multiple transactions into a single record to match your real-life bank deposits. I'd be glad to provide you with the necessary information to accomplish this.

To record the bank fee transaction in QuickBooks Online (QBO), follow these steps:

1. Put transactions you need to combine into your Undeposited Funds account. 
2. Then, use the bank deposit feature to combine transactions in QuickBooks.
3. Recording bank or processing fees, such as the $2.28 charge or the exchange rate in GBP, can be added manually.

Certain banks impose service charges and processing fees. It's important not to modify the original transactions in QuickBooks. Instead, when you're in the bank deposit window, include the fee. Here's how:

1. Scroll down to the Add funds to this deposit section, and enter the fee as a line item.
2. Select who the fee was from (for example, the bank charging you).
3. Choose Bank charges from the Account dropdown.
4. Enter the amount fee as a negative number. For example, if the fee was GBP 50, enter –50.
5. Review the deposit total with the bank fee. Once done, select Save and New or Save and Close.

For more detailed information on the process, I recommend reading this article: Record and make bank deposits in QuickBooks Online.

In addition, you may also find these articles helpful for information on setting up bank rules and categorising transactions in QBO:

• Categorise online bank transactions in QuickBooks Online
• Set up bank rules to categorise online banking transactions in QuickBooks Online

Please tag my name in your reply if you have other questions about recording transactions in QuickBooks. I'm more than willing to assist you further. Have a pleasant day! Cheers!