Managing Automatically Deducted Fees Such As Paypal

  • 3
  • Question
  • Updated 3 years ago
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?

Photo of Grant Dempsey

Grant Dempsey

  • 252 Points 250 badge 2x thumb

Posted 3 years ago

  • 3
Photo of Qwerty


  • 7,906 Points 5k badge 2x thumb

Hi Grant,

The thread below might be of some interest. There is a PayPal payment breakdown example that includes fees.