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Expense / Bank Reconciliation

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sri80
Experienced User
21 Posts
Experienced User
Australia
sri80
sri80
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January 2017

January 2017

Expense / Bank Reconciliation

Hi...

I have paid some amount ($2500) as a loan processing fee for the company and this loan is still under processing. I just need to complete bank reconciliation and stuch withrhis payment. Please advice how to record this payment to complete the reconciliation and recod with the loan after it has been approved.

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JeffreyTodd
Ultimate Partner
594 Posts
Ultimate Partner
Australia
JeffreyTodd
JeffreyTodd
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January 2017

January 2017

Re: Expense / Bank Reconciliation

Hi @sri80

 

The amount would be treated as borrowing expenses.

 

Regards

Jeffrey Todd B Bus, CA, CPA, TIA, MAICD
Chartered Accountant
CPA
Registered Tax Agent
MYOB Certified Consultant
Xero Certified Consultant
Kounta POS Specialist
Quickbooks Partner
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sri80
Experienced User
21 Posts
Experienced User
Australia
sri80
sri80
Experienced User

21Posts

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January 2017

January 2017

Re: Expense / Bank Reconciliation

Hi...Jeffrey,

Thanks for your reply and alocated the amount to borrowing expenses.

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