Monthly income & fee allocation
We receive deposits that appear in the bank feed that correspond with an open sales invoice that relate to monthly membership payments. The payment statement has the following amount requested fro...
Forum Discussion
Hi MTB5453,
Thanks for laying out all the details, I totally get why this one’s a head-scratcher! One way to handle it neatly is to enter a Receive Payments for the full $55, then a Spend Money for the $5 in combined fees, so your bank account ends up showing the $50 deposit.
Of course, for a scenario like this, it’s always a good idea to check with your accountant to make sure everything’s spot-on.
Regards,
Earl
