Bank tagging to invoices

[davepikecs]

When I receive a bank payment and tag it as payment from a customer, Is there anyway I can then split the payments with some being paid to an invoice and some being paid to an expenses nominal code?

Thanks in advance

[rhc]

Hi, you mean you get paid via stripe/square/gocardless/PayPal and so on?
If so, you create a new bank account so called merchant account within quickfile banking section. In that account enter the payment from your client/customer as a in transaction; enter a 2nd line for the fee which are charged from your merchant account provider - if you don’t have a live feed, if you have a feed then those transactions will come in automatically.
It is also worth noting that you don’t need to enter the fee for every transaction separately, you can enter a lump sum per week or month if you want.
When the payment comes through to your current account (clients payment minus fee) enter this as a in transaction to your current account within quickfile and tag it as a transfer between accounts and click on your merchant account. If you have a auto feed for your current account then this money coming from your merchant account will come in automatically and you don’t need to enter it manually.
Hope this helps

[davepikecs]

Thanks rhc I’ll look into that over the weekend.