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C
corazonsystems
December 11, 2019
Question

How do I record this Tx.?Customer Invoice for $1001Customer pays via Ezidebit:Funds credited to our account $999How do I record the entry so that invoice matches?

  • December 11, 2019
  • 1 reply
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The $2 is Ezidebit’s tx fee. If I record $999 invoice has $2 overdue.

This happens for several invoices every month.

We also get a monthly invoice from Ezidebit for all the Tx fees that month.

How can I mark customer Inovices paid
Account for tbt Tx fee
And then perhaps match each one of them against tbt monthly invoice from Ezidebit for all the fees

1 reply

M
MirriamM
December 11, 2019

Welcome to the Community forum, corazonsystems.

 

The $2 amount is the processing fee for the payment made via Ezidebit. To account bank fees, here's what you'll need to do:

 

  1. Create an expense account to allocate you bank fees.
  2. Create a Product/Service.
  3. Create an adjustment note.
  4. Match the adjustment note to the outstanding Invoice.

For the detailed step by step process I've provided above, refer to this article: How to record bank fees.

 

I'm also attaching a great resource for future help: How to account for Bank Fees when matching transactions in Bank Feed.

 

If you have additional questions, let me know. I'm here for you. Have a great day.

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