Hi all, I've been happily doing my books in GNC for several years, and I would have said I'm pretty comfortable with the whole double entry system. However, I came across something yesterday and for some reason I can't get my head around it.
I have a PayPall "Asset" account (essentially the same as my bank accounts), I have an "Accounts Receivable" account, I have a customer, and an invoice. PayPal takes a fee out of monies received. I would like to make an entry that shows money received by paypal, have that entry applied to the invoice, thereby zeroing out the corresponding accounts receivable, and in the same transaction, as a split, show the paypal fee charged against "Office Expenses" (that's likely not the best description, but I figure it should work mathematically, even if it would be perhaps better to create a "Bank Fees" or even "PayPal fees" expenses category. But when I try to do this, I seem to end up creating something bogus (and I know you probably want to know what I mean by that, but I don't really know--sometimes the transaction simply vanishes, sometimes it doesn't seem to wipe out the accounts receivable balance, I just get stuff I don't make sense of). So, I guess I have a couple of questions. First, does my description of what I'm trying to do make sense, or is there something clearly bogus in the plan? If it's not the right way, is anyone willing to outline the accounts I should have, and what gets put where? Thanks for any help! Cheers, Simon -- Simon Roberts 303 249 3613 https://www.youtube.com/@DancingCloudServices https://www.linkedin.com/in/simonhgroberts/ _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
