Record Bank Charge in NetSuite

Bank Charge is often reflected in the bank statement thus it is usually one of the reconciling items when performing bank reconciliation. 

1. Navigate to Transactions > Bank > Reconcile Bank Statement.
2. Under New Charges tab, enter the Date and Amount of the bank charge. Select the Account to post the bank charge. 

Upon saving the bank reconciliation, NetSuite will automatically create a Check transaction to record the bank charge. The transaction currency will default to the bank account's currency.

 Note:  An enhancement request was logged for NetSuite to post this as a journal entry instead of check because technically users are not issuing check but merely recording the transaction. Vote for Enhancement 129044 | Bank > Reconcile Bank Statement > New (Other) Charges: Please add the ability to change the type of transaction that is created with using this tab, not just always Checks.

1. Navigate to Transactions > Financial > Make Journal Entries.
2. For accounts with Multiple Currencies enabled, select the Currency of the bank account.
3. In the Lines tab, select the Account where bank charges are being posted e.g. Bank Service Charges. Enter the amount under Debit column and click Add.
4. Select the Account for the bank. Enter the amount under Credit column and click Add.
5. Review other fields like classification, memo etc.
6. Click Save.