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irene-mfpml
September 2, 2019
Solved

If i have a bill for a letting agency, and they take off the amount owed to them off what they send me how do i pay this off on the bills as i am unable to contra?

  • September 2, 2019
  • 2 replies
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Best answer by payment after leaving

Hi irene-mfpml

 

We suggest that you create the Sales receipt and receive the amount to the undeposied funds account rather than your bank account. Create a bank deposit, the account section should be the bank account that the net amount was received and also the date.

In the Add funds to this deposits section in the account column select/create a fee/expense account and in the amount column enter a minus figure for the fee that was taken. The deposit will now show the net amount received, save and close.

2 replies

Rustler
Rustler
September 2, 2019

So if I read this right, the letting agency sends you a check less their commission/fee

 

Create a service item which is linked to the commission/fee expense account

then use a sales receipt

line one, your income item for the rent and the full amount paid

line two, use the service item for the commission/fee, qty is negative one, and enter the amount of the fee

the sale receipt will net to the amount received, and the expense will be posted

P
payment after leavingAnswer
September 2, 2019

Hi irene-mfpml

 

We suggest that you create the Sales receipt and receive the amount to the undeposied funds account rather than your bank account. Create a bank deposit, the account section should be the bank account that the net amount was received and also the date.

In the Add funds to this deposits section in the account column select/create a fee/expense account and in the amount column enter a minus figure for the fee that was taken. The deposit will now show the net amount received, save and close.

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