Hi, I’ve just had my first two payment made via gocardless which is great. However, they take £2 of the actual amount so it doesn’t match up with the invoice. How do I tag these payments please and account for them? Cheers

If you have created Gocardless as separate bank account then you can log payment in full installment from customer invoice say 100 and then create money out transaction of £1 as bank charges, this way you will account for gocardless charges and balance will be correct on accounts

Thanks guys. I’m still not clear on what this actually means though… “you will need to enter an additional debit on your virtual payment service provider account and tag that debit to a supplier invoice covering the related charge.” In my GoCardless acc I currently have two entries for the full am…

I would just log full installment amount from invoice screen and email receipt to client and log gocard charges payment from main bank screen and not feed in any thing from gocard account. So if installment is 100 and £1 are gocard charges then net effect would be 99 on bank

do i check the apply from credit checkbox here: http://screencast.com/t/QjIrowFTD6vs

[image] ianjh: EDIT: Ok, I’ve re-read it a few times and its a little clearer. So I just need to go into the gocardless account, click Input New Transaction and set amount to £2.00. Then tag the main invoice and the £2 to the same invoice? You got it! It’s really not messy when you know how …

Ok, I get it now hooray, its been a long week haha. Quick question: When I tag the go cardless charges in the merchant account do i need to create a purchase order?

Its ok I’ve sorted it guys. I created a supplier called GoCardless charges and tagged it to that. I found it in one of your other threads. Thanks for bearing with me

you can create supplier and then create purchase invoice or create direct payment from gocardless account and tag into bank charges nominal

Excellent, it sounds like you’re on top of this now. It reminds me I need to write a guide about GoCardless reconciliation as this question comes up once every couple of weeks, would be better if we had a clear step-by-step guide with pics to illustrate the process.

HOME / COMMUNITY

Switch to knowledge base

QuickFile

How to tag GoCardless payments

Accounting

Glenn 14 February 2014 16:02 3

Have a read here, similar question.

http://community.quickfile.co.uk/t/reconciling-gocardless-account/255