We get payments from international clients.
If we invoice a customer £500, and we get £493 as a final payment and the bank keeps £7 for handling the transaction. How do you reconcile this against the original invoice? As we see currently as £7 underpayment.
Great software by they way been looking for something just like this for some time now!
Hi Andy,
Glad to hear you like our software!
The best solution in your case is to record a payment for the full invoice amount, followed by a Money Paid Out transaction from the bank account for the bank fee. This is similar to the way that PayPal fees are recorded:
http://www.solaraccounts.co.uk/help/how-to-record-paypal-sales-fees.php
Cheers,
