Bank has paid me compensation - how do I record it?

Question

HSBC has paid &pound;50.00 into our bank account as compensation for an issue with their service. How do I show that as an incoming bank transaction in Sage?

Julie Frisbee · Accepted Answer

Thanks for your help, Andy.

Andy Rickeard · Answer

Hi Julie,

Thanks for using Community Hub.

You would normally record this as Other receipt or Money In against a nominal code. The code to use would be your choice but there is a code for Bank charges and Interest that may be appropriate.

If this helps, please click Verify Answer.

Regards,

Andy
Sage UKI

Sage Accounting UKI

Bank has paid me compensation - how do I record it?

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