Simon When you made the sale you will have made an entry something like
Assets: A/R Dr xxx Income:Sales Cr xxx. To record the receipt of the money in your Paypal account and remove the amount from the A/R balance and the fees expense then the following entries will do the trick: Assets:Paypal Dr xxx-yy Expenses:PP Fees Dr yy Assets:A/R Cr xxx (as a Payment against the invoice). David Cousens On Sat, 2025-02-22 at 13:55 -0700, Simon Roberts wrote: > 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 > > _______________________________________________ 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.
