You can record charges received or any interest you need to pay as part of your bank reconciliation process.

When reconciling your bank

1. Go to Bank accounts, select the required bank account and click Reconcile.
2. In the Statement Summary window, enter the information as required:

   Interest Earned

   Amount	The amount for the bank interest earned.
   Date	The current program date appears by default. If required, enter a new date for the interest.
   NC	Enter the nominal code for bank interest earned. Interest received is income to your business.  Use a nominal code in the Income section of the Chart of Accounts. This includes the Sales nominal codes, 4900 to 4999 in the Sage default nominal structure.
   TC	Leave this as T9.

   ---

   Account Charges

   Amount	The amount for your bank account charges.
   Date	The current program date appears by default. If required, enter a new date for the charges.
   NC	Enter the Bank Charges nominal code, 7901 by default.
   TC	Leave this as T2. Bank charges and interest paid are VAT exempt, which is the T2 tax code by default.

   Enter interest paid as account charges, using the bank interest paid nominal code, 7900. 

    

3. Complete the bank reconciliation as required, then click Reconcile.
   
   Clicking Reconcile posts a bank receipt and bank payment post for interest and charges.

• Bank account charges and interest
• Post bank interest earned
• Bank account charges or interest paid