I’m trying to work out how to post an invoice and payment if the amounts are different?
The invoice is £16.65 but the customer paid by paypal so I only received £15.88 to my account after they took off their fees.
How do I work this?
You would typically use a holding account for this which would act as the payment provider (in your case, PayPal).
We have a detailed guide here:
In summary, you would have 3 transactions for every 1:
- The full payment from the customer (in the holding account)
- The fees paid to the supplier (also in the holding account)
- The balance paid to you (transferred from the holding account to your current account).