matching transactions without duplicating
Digna Gobaira
Member Posts: 1
I have been reading through posts and it seems that there is no manual matching method where the auto matching doesn't pick up a transaction. Is that right? If so how do you match the bank to ledger transactions without having to create a duplicate transaction?
For example, say my invoice to my customer is $100, they pay $100 therefore that's what goes against their account and to the bank gl. Stripe, the online gateway, passes on the payment less their fee, say $99 comes through. A second transaction for $1 to fees has to be created. Manually you would match the payment and offsetting fee together against the $99 payment. Auto matching won't do it so how on earth can I complete a bank rec?
For example, say my invoice to my customer is $100, they pay $100 therefore that's what goes against their account and to the bank gl. Stripe, the online gateway, passes on the payment less their fee, say $99 comes through. A second transaction for $1 to fees has to be created. Manually you would match the payment and offsetting fee together against the $99 payment. Auto matching won't do it so how on earth can I complete a bank rec?
0
Comments
Payment gateways that deduct their fee from the payment to you do provide a challenge for Reckon One as they are introducing another transaction into the equation.
The integrated PayPal payment service has a solution for it (Settings > Payment Services)
For other scenarios - other gateways, manual uploads from PayPal - please look at our guides:
Manually Importing PayPal transactions
Manually Importing PayPal fee transactions.
Hope these guides prove useful.
regards,
John