Yes, I am selling goods and services online. I was splitting transactions before. But I got a new payment gateway setup now and due to Covid-19, it'll take a bit longer to get sales. So for verification of my bank account that payment gateway deposited some amount and I was confused about what type of account will be my payment gateway. As of now I made it as a bank account and it's working fine. Kindly consider the issue resolved. . Thank you for helping out.
Dhanadhya Group On Sat, 18 Jul 2020 at 15:37, Liz Dodd <[email protected]> wrote: > On Fri, 17 Jul 2020 18:29:23 +0530 > Dhanadhya Group <[email protected]> wrote: > > > Also, I would like to know, where, how and what type of account > > should I create for my payment gateway provider? I am very confused > > about that matter. > > I'm guessing here, so let us know if I'm wrong.... > > I guess that you are selling goods or services online. You are using a > service which collects money from the customers, takes a percentage and > gives you the remainder. > > > You have two choices, one is to make a split of every receipt where all > the money in a transaction is noted in your sales accounts, and then on > the other side of the ledger, part goes to your banking account and > part goes to expenses related to the sale. That would work if the > percentage is the same all the time. > > If the percentage alters according to your sales volume it might be > easier to receipt all the money into a another account. Then from the > account you would take out what was yours, and what the monthly or > weekly total for the expenses related to the sales. > > You should also speak to your accountant so that your books are set up > correctly for the tax accounting in your country. > > Liz > _______________________________________________ > gnucash-user mailing list > [email protected] > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
