OK, Assuming Square sits on your money for a day or 2 (or longer), I would create a couple of accounts.
something like Assets:Current Assets: Square and Expenses:BankingFees:SquareCommission Record the payment as a 3-way split (i'm never sure about which column is which, and I don't have GC open at the moment to test) Assets:C:S +120 Income +125 Expenses:B:S +5 then when square moves the money to your bank, I'd just do a simple transaction to move the 120 from Assets:Square to Assets:checking If square don't sit on your money for more than a day, I'd just skip the new Asset account and do the 3-way txn straight into the main bank account... HTH, Maf. On Wednesday, 5 December 2018 11:18:00 GMT Overland Park Electric Company wrote: > I don't use GC to create the invoice and I only enter the transaction when > I get paid. > > On Wed, Dec 5, 2018 at 4:57 AM Maf. King <m...@chilwell.net> wrote: > > Hi, > > > > do you create an invoice in GC (ie. accruals) or is this all "cash-based" > > accounting? _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
