View Single Post
  #3 (Link to this post)  
Old 19-03-10
BeYourOwnBookkeeper BeYourOwnBookkeeper is offline
Member
 
Join Date: Mar 2010
Location: Adelaide
Posts: 26
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: Banking fees on invoice transaction?

Hi

As always with software there is always more than one way to enter a transaction!

If the paypal receipt is deposited into your business bank account you can enter the full amount of the invoice as a "receive payment", using your normal bank account. And then enter a Spend money transaction to your normal bank account for the bank fee.

When you reconcile the bank the two entries need to be added together to agree to the amount that was entered in the bank. eg $430 - $19.22 = $410.78
hope this helps.

Robyn
__________________
Robyn Howard
Boost Bookkeeping
robyn@boostbookkeeping.com.au
Reply With Quote