Rich,
I suggest you either 1) enter the exact amouint recieved as received, and then use G/L Transaction to book the remaining outstanding amount to banck charges (A/R credit, bank charges debit) However, iseems to me that the bank charges your client or its corporate offices have should not be your problem. Should be part of the overall pricing / deal /payment agreement, especialy in an international setting I think. My suggestion: 2) send an invoice for goods/services amount x, add a seperate line for foreign bank & administration charges of 10 per invoice and up the total invoice amount. That way the net received money is what you wanted to begin with.. HtH Paul 2011/6/30 Rich Shepard <[email protected]> > 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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