Managing Automatically Deducted Fees Such As Paypal

Grant Dempsey

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
 

Qwerty

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