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jak-naturaldesig
August 25, 2022
Question

I didn't receive the full payment amount due to exchange rates. Is there a way to do partial invoice payment and then expense the bank fees?

  • August 25, 2022
  • 1 reply
  • 0 views
The client sent a wire transfer (not QB payments) and even though they sent the right amount, with exchange rates and fees, I received about $45 less than I should have. I'd like to close the invoice out and record the payment but still keep track of the remaining bank fees to claim as expenses. How would I do that?

1 reply

A
Amanda-B
August 25, 2022

Hey there jak-naturaldesig,

 

Thanks for reaching out to us here. QuickBooks Online is a great software to have. It helps keep your books balanced. Making sure you're recording your transactions properly is an essential step for maintaining clean books. I can provide some information.

 

I recommend recording the full invoice payment and then create an expense for the bank fees. If you only record the payment that you received, QuickBooks will always show that the invoice isn't fully paid. You could also create an account in the Chart of accounts for the recorded bank fees. This will allow you to keep track of all the bank fees you have recorded in QuickBooks.

 

If you need further assistance, I recommend reaching out to the support team outside of the Community. They'll be able to view your screen to better assist you. You can reach them by Dialing 1-855-253-1536 

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