Hi everyone, I`m new here but have been using quickfile for the past few months since I set up my limited company.
Long story short, I have always excepted payments via cheque, bank transfer, cash or Barclays Pingit. However due to my business bank account being a 10 mile trek I have decided to try and move away from cheques and have bought a Paypal here chip and pin card reader.
This is where I have the problem, with any other payment method I can match the transaction to my bank feed & Invoice, But with the Paypal here payment paypal takes a fee of 2.5% from the total so the final amount I transfer to my bank equals less that the invoice amount resulting in a part paid invoice.
What is the correct way to do this, I was thinking of only doing the invoice for the amount I receive, or should I do an invoice for the full amount then put the charge down as a purchase, which if thats the case there will be no matching transactions on my bank feed etc ?
Have figured most of the rest out pretty much hassle free but I`m just not sure how to go about doing this corectly. Any advice is greatly appreciated.
Lastly, I`d just like to also say thanks for this excellent free software. I had looked at a few (including paid subscription software) and found this to be the best by far.