We now take payments through Paypal on our website but the amount we withdraw is different to the amount the client pays due to the fees from Paypal. What is the best way to log this on the clients account so that the correct amounts show according to the banking but the client still sees that his payment has been made in full?
Essentially, you need to use a separate “merchant” bank account in QuickFile to represent this. Log payments into this account for the full value of the PayPal sales, log the deposits of the net value in your current account as transfers from the merchant account, and create purchase invoices to represent the fees, paid from the merchant account to balance the books.
http://community.quickfile.co.uk/t/handling-payments-from-merchant-accounts/8865
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