Accounting for Retainer Deduction

I have invoiced an estate agent for say £77
they then take 10% off as a retainer and pay £70 into my account.
how is this accounted for

Posted by timothy Jones on Jul 26, 2019 9:38 PM BST

Hi Tim,

The simplest solution is to record an invoice payment for the full amount
of £77 deposited into the Cheque Account, followed immediately by a Money
Paid Out transaction from the Cheque Account to the appropriate expense
account with the Type set to 'General Payment'.

Posted by Solar Accounts Customer Support on Jul 29, 2019 3:55 PM BST