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November 2022
November 2022
Hello,
We're small casual restaurant.
We use Uber though, how should we entry about fee?
We receive net sales to our bnak accout.
-Do we only need to entry the fee to "Sales"?
-Do we need to record gross sales to somewhere?
Please tell us if someone has good idea.
Kind Regards
November 2022
November 2022
Hello @Sasuke-y
Welcome to the Community Forum.
If the merchant (in this case Uber) takes a percentage share of the transaction for providing the credit facilities. In our example, a $100 sale is received through Uber, from which $2 is paid to Uber, resulting in a net sale of $98. You will need to record both transactions in MYOB, in other words, a customer receipt of $98 and a merchant charge of $2.
You will be able to follow this Help Article on recording payments made through Paypal, as this is similar to my above example.
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