Looks right to me, assuming all the account balances increase! Maf.
On Wednesday, 5 December 2018 11:52:08 GMT Overland Park Electric Company wrote: > Thanks for the info. I was actually shocked when I saw the money > transferred overnight. > I think I figured it out. > > > checking 120.00 > credit card fees 5.00 > job income 125.00 > > On Wed, Dec 5, 2018 at 5:31 AM Maf. King <m...@chilwell.net> wrote: > > 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? -- Maf. King PGP Key fingerprint = 8D68 A91F 733B 2C1F 43B7 2B7C E591 E8E1 0DE7 C542 _______________________________________________ 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.
