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homewaremicrobra
November 11, 2022
Question

Hi, how can i show the charges show as paid since it has already been deducted from the seller account

  • November 11, 2022
  • 4 replies
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Original commenter did not share additional details

4 replies

JessT
JessT
November 12, 2022

Welcome to the QuickBooks Community, homewaremicrobr!

 

Is this like a regular bill with a discount? If yes, you can create a bill and add an item with a negative amount for the discount which will then negate the bill. Or, create a bill and a supplier credit, and apply it as a payment to the bill. If not, please add more details.

 

On the other hand, we have helpful articles for QBO on the main support page should you need some references in the future. Just scroll down a bit and click More Topics.

 

If you need more help, you can always visit us back through this thread. Take care and have a  good one!

moonkeymod
November 12, 2022

Are you referring to charges deducted at source such as sales platform charges, where only net sales after deductions gets paid to bank?

homewaremicrobraAuthor
November 16, 2022

Yes please

moonkeymod
November 16, 2022

If you are posting sales net from bank you could simply journal fees Dr fee ac Cr sales account with the amount deducted at source, maybe there are several types of fee so you may have several debits and one credit.

 

If you have an open bill for charges in QBO you could create a new bank account to use as a clearing account, mark the bills paid to this account and then journal the closing balance to sales.

 

Ultimately, you should really be pushing all transactions relating to the online platform through a single control account (Account type bank acc), where you post bank movements and fee journals etc, at period end you post a sales receipt equal to platform reported sales (set the deposit to dropdown of your sales receipt to your control account) this should result in the balance on the control account being equal to funds not yet released from online platform, so typically would expect to be a Dr bal.

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