I would like to set up some Customers that are not recorded as INCOME. We collect from Customers and pass the amounts onto a 3rd party.

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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
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Ken Krieger

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Posted 1 year ago

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Adrian

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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
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Kevin Russell, Accredited Partner

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Have you tried using OTHER NAME?
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Ken Krieger

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All Done, thank you Adrian, that worked !