I would like to set up some Customers that are not recorded as INCOME. We collect from Customers and

Ken KriegerKen Krieger Member Posts: 2
edited August 2019 in Accounts Business Range
I would like to set up some Customers that are not recorded as INCOME. ie: We collect payments from Customers and pass the amounts onto a 3rd party. we sometimes add anAdmin fee which needs to be INCOME

Comments

  • AdrianAdrian Member Posts: 200
    edited August 2017
    Hello Ken

    Set up an account to hold the payments, set up as current liability account.

    Then set up an item and link to that current liability account, no tax code.

    Set up item for your Admin fee and allocate to income account with GST code.


    Then raise invoice to customer using the new item. Add admin fee where applicable.


    When paying to the supplier allocate to the current liability account to reduce it down, no tax code.


    Adrian

  • ZappyZappy Accredited Partner Posts: 4,697 ✭✭✭
    edited August 2019
    Have you tried using OTHER NAME?
  • Ken KriegerKen Krieger Member Posts: 2
    edited August 2017
    All Done, thank you Adrian, that worked !
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