Dear Rich In Chart of Account, modify your 'bank charges' P&L account to be Receivables - Payment using the radio button at bottom left of page..
Once done, you will then process your receipt in two steps : Line 1 Normal receipt transaction = receipt = x-US$10 (Press update, which will open a second line) Line 2 Select your bank charges account code and post a receipt of US$10 Accounting entries generated in GL : Dr Bank Account x-US$10 Dr Bank Charges US$10 Cr Debtors Control x Let me know if you want a screen print. Regards Jean-Pierre _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ /_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/ Jean-Pierre Guillou Director DCDM Management Services Ltd Tel PABX : (230) 202 3000 Tel Direct : (230) 202 3057 Fax : (230) 208 0086 eFax : (44) 7006 030 893 Web :www.dcdm-ms.com ******************************************************************** Privileged/Confidential Information may be contained in this message. If you are not the addressee indicated in this message (or responsible for delivering the message to the intended recipient), you should not read it, nor copy or deliver this message to anyone. In such case, you should destroy this message and kindly notify the sender by reply E-mail. Opinions, conclusions and other information in this message that do not relate to the official business of any member firm of the DCDM Organisation shall be understood as neither given nor endorsed by the firm. On 30 June 2011 16:54, Rich Shepard <[email protected]> wrote: > I've not yet figured out how to subtract wire transfer fees from invoice > payments. When I go to Cash -> Receipt and see the single line for an > outstanding invoice (for US$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<http://lists.ledger123.com/mailman/listinfo/sql-ledger> >
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