Payment fee

A Payment fee is a charge that comes with paying: a bank transfer fee, a commission. On a payment, the Payment Fee grid names it, and the fee's account layer says who bears it.

Where

Accounts Payable › Payment › Payment fee

Who uses it

The implementation consultant

When

At setup

Needs first

The expense account for bank charges

What it is for

The Account Layer decides where the fee goes:

• General Ledger: the fee is an expense of yours, posted to the Account shown on this screen.
• Vendor Ledger: the fee is charged to the vendor.

Every field in plain words

Field	What it means	What to put
Payment fee	The code	Unique
Name	The name	Required
Block	Stops it being picked	Tick to block
Account Layer	General Ledger or Vendor Ledger	Required
Account	The expense account	Shown and required for General Ledger

How to configure it

One fee per kind of charge, General Ledger with the bank charges account.

Scenarios

• The bank takes a transfer fee. On the payment add a Payment Fee line with this fee and the amount.

What it is connected to

• Payment.

If something looks wrong

• "Payment Fee - Line ID : ... - Account is not configured on Payment Fee: ..." on a payment: give the fee an account here.