On Fri, 17 Jul 2020 18:29:23 +0530 Dhanadhya Group <dhanadhyagr...@gmail.com> wrote:
> Also, I would like to know, where, how and what type of account > should I create for my payment gateway provider? I am very confused > about that matter. I'm guessing here, so let us know if I'm wrong.... I guess that you are selling goods or services online. You are using a service which collects money from the customers, takes a percentage and gives you the remainder. You have two choices, one is to make a split of every receipt where all the money in a transaction is noted in your sales accounts, and then on the other side of the ledger, part goes to your banking account and part goes to expenses related to the sale. That would work if the percentage is the same all the time. If the percentage alters according to your sales volume it might be easier to receipt all the money into a another account. Then from the account you would take out what was yours, and what the monthly or weekly total for the expenses related to the sales. You should also speak to your accountant so that your books are set up correctly for the tax accounting in your country. Liz _______________________________________________ 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.
