We sold something to a customer for the sale price of £208.80 so an invoice was raised for that amount and paid by the customer. The customer paid by credit card so once the card merchant took their commission we only received £205.47
How should this entry be shown in Solar?
Hi Paul,
Regarding the invoice payment that includes the merchant commission: Record
an invoice payment in full deposited into an appropriate asset account,
then record a Money Paid Out from that asset account with the Type set to
General Payment and allocated to the 'Bank Fees' account.
