Accounts receivable: GST on MYOB's Credit Card Surcharge on payments not reconciling with payment amount
Hi MYOB Community,
I have a payment made by a customer via Credit Card, and it doesn't match the invoice price. Payment is $3.90 more than my invoice. The price difference between the Invoice amount and the Bank Feed amount is exactly the GST of MYOB's Surcharge for a credit card payment, less $0.25 cent merchant fee.
My payment notification from MYOB looks like:
You've just been paid $2,581.83 by (Customer)
Invoice amount $2,305.62
Tax $ 230.56
Surcharge $ 45.65
Total amount $2,581.83
Surcharge (excluding GST)
$ 41.50
Merchant Fee $ 0.25
Total amount
Received $2,540.08
And that is the amount in my Bank Feed.
My Invoice to match this payment against is $2,536.18
What am I missing in the invoicing process that it does not include the GST of the surcharge?
And how do I best reconcile this payment now.
Thank you!