What is the correct way to record this?

Sale looks like this

Goods Sold - £75
Shipping - £5.95
Shipping Discount - £4.95

I am currently creating a "money received" transaction and splitting it so that it tracks shipping but where / how do I allocate the shipping discount?

Hi Adrian,

The simplest way to record the shipping discount is by having a third line in the table set to the 'Shipping Fees Collected' account and with a negative amount. Check with your accountant though, as he/she may prefer a different treatment.

Cheers,

Hi Mark

I assume I need to create this account under Income...is that correct ?

Hi Adrian,

By default, Solar Accounts comes with an income account called 'Shipping Fees Collected'. If you have deleted it you can create it agan by clicking menu File > New > Account and setting the Account Type to Income.

Cheers,