Normally I would say that bank charges are the easiest to account for and they are not worth to write about. However, truth is that they are and as it seems to me, every day more and more. 

Bank charges are always there – they are made with every bank transfer and consequently on daily basis. The reason I’d say that bank charges are easy is that they are charged to your payments and what you do, is put them into expenses. Easy as that, isn’t it?

The thing with bank charges nowadays is that in case you’ve got foreign payments for an example or sometimes even local ones are not your charges fully. How come? Well, simply put, there are times when bank transfer charges are either split evenly, by proportions or charged to the receiver. To avoid any misunderstandings, partly unpaid invoices or something similar always make sure you know who is paying the charge and that the other party you’re making your payment to is also aware of the settlement and accepts it. I find it simply annoying to see some companies arguing over who should have paid the bank charge and what to do now with unpaid balances. They are minor balances, but still.

As I said, normally bank charges are easy and there’s nothing much to talk about it. However, in case you’re dealing with parties outside your country or local area where practices may differ, it’s always best to have a common understanding of expectations.