Managing Automatically Deducted Fees Such As Paypal

Grant Dempsey
Member Posts: 12 ✭
How do I account for fees that are automatically deducted? eg Client owes me $110 but retains a commission of $10 so pays me $100. How do I account for the $10?
In Xero I could create an Expense and reconcile it, what is the best way with ReckonOne?
Thanks
In Xero I could create an Expense and reconcile it, what is the best way with ReckonOne?
Thanks
2
Comments
-
28/02/17
Hi Grant,
The thread below might be of some interest. There is a PayPal payment breakdown example that includes fees.
https://community.reckon.com/reckon/topics/reckon-one-enhancements-8-july-2016-47lc0p3w0x5v2
1
Categories
- All Categories
- 6.7K Accounts Hosted
- 5.9K Reckon Accounts (Desktop)
- 3.2K Reckon One
- 136 Reckon Payroll Upgrade for Reckon One 🚀
- 10 Reckon Invoices App
- 939 Reckon Payroll App & Web
- 21 Payroll App - Help Videos
- 18 Reckon Mate App
- 14 Reckon Insights
- 107 Reckon API
- 952 Payroll Premier
- 120 Payroll Premier upgrade to Reckon Payroll ⤴️
- 325 Point of Sale
- 1.9K Personal Plus and Home & Business
- 68 About Reckon Community