Bank charges

If you agree with your supplier that you pay the bank charges for the payment transfers, in the Pay-to Business Partner (tccom4124s000) session, on the Paying tab, ensure that Bank Charge Borne by Supplier is cleared.

For payments made to the pay-to business partner through the bank branch, LN calculates and posts the bank charges as sundry costs.

Bank costs can be subject to VAT. If you want to analyze the tax amounts on bank transactions per bank, you can define the bank branch as a business partner. In the Tax Analysis (tfgld1520m000) session, you can print the tax analysis by pay-to business partner report to view the tax amounts by bank branch.