Correct way to process Paypal and Gocardless transactions

Accounting
2

Hi @Oliver_Nash

You would essentially end up with 3 transactions:

  1. Money in (full amount)
  2. Money out (fee)
  3. Money out (full amount minus fee)

There’s a more detailed explanation in our knowledge base:
http://community.quickfile.co.uk/t/handling-payments-from-merchant-accounts/8865

Let me know if you need further help