I've not yet figured out how to subtract wire transfer fees from invoice payments. When I go to Cash -> Receipt and see the single line for an outstanding invoice (for US$x, how do I enter payment of x-US$10 and charge that $10 to the bank service fees account?
The situation, briefly, is that I'm retained by a client paying from their corporate offices in Canada. At the beginning of each month I send an invoice for US%x and a couple of weeks later x-US$10 is transferred to my bank account. The difference is what their bank charges them for the wire transfer. Since the invoice I send is for $x, that's the amount shown as due in A/R outstanding and displayed when I want to debit the payment to my checking account. Until I learn how to handle this within L123, when payment has been made I retroactively change the invoice to subtract that $10 from the amount due. Since bank fees are a business expense, I'd like to have them reflected on the books. Please offer your ideas and suggestions. Rich _______________________________________________ SQL-Ledger mailing list [email protected] http://lists.ledger123.com/mailman/listinfo/sql-ledger
