Hi everyone,
Anybody out there use Solar for a retail shop with Lottery & Paypoint transactions?
If so how did you set this up?
Hi Marilyn,
Not sure about lottery, but here's how I would record Paypoint transactions:
Create a new liability account called 'Paypoint Account' (this will keep track of how much money you owe Paypoint) and a new income account called 'Paypoint Income' (this will keep track of how much you charge Paypoint). Each day record a Money Received transaction with the Type set to 'General Payment', the Paid Into Account set to 'Cheque Account' and the From Account set to 'Paypoint Account'. When you charge Paypoint a fee record a Money Received transaction from the 'Paypoint Income' account to the 'Paypoint Account'. When you pay what is owed to Paypoint record a General Transaction from the 'Cheque Account' to the 'Paypoint Account'.
Cheers
