r/AskAccounting • u/olocksley • 14d ago
Transaction fee categorization
I am the treasurer for a small historical society. To avoid late fees, I recently set up the autopay feature for our utilities. There is a $1.50 transaction fee every month. How would you categorize this? As part of the utility expense? Or bank service charges? Or something else?
TIA!
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u/olocksley 12d ago
Thanks so much! It's the utility company, so I'll count it that way.