hi mark, sorry i should of explained a little more.....My friend wants to sell a three peice suit..i sell it for him in MY shop, he wants £300, i make £99 out of the sale but i have a receit for £399?
Hi Peter,
I see what you mean now. In that case, record two separate transactions:
1) A Money Received transaction for £399 deposited into 'Money To Be Banked'
2) A Money Paid Out transaction for £300 paid from 'Money To Be Banked' and allocated to 'Cost of Goods Sold'
Regards,