lutherbeau
Joined: 09 Nov 2012
Posts: 10
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 Posted: Fri Nov 09, 2012 6:38 am Post subject: Paypal Fees in Sage - Correct integration? |
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Can anyone please help us?
We have a paypal bank account & business bank account set-up in sage.
Out of Sage sales process:
1. We make a sale of £100 through our online store and the client pays via Paypal.
2. We withdraw the funds £80 from our Paypal account into our business bank account (minus the Paypal fees of £20).
Within Sage sales process:
1. We receive the money from Paypal £80 (minus fees) into our business account, we then credit our Sage Paypal account with the same amount.
2. We then reconcile the clients invoice of £100 from our Sage Paypal account, leaving a debt equal to the Paypal fees within our account of £20.
How do we now reconcile the £20 debt for the Paypal Fees? If we put it through as bank charges it only adds to the debt on the Paypal account?
Any suggestions would be very welcome!!
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