how to deal with paypal fees

[Josh Trutwin]

On Fri, 30 Oct 2009 22:47:24 -0400
hendrik at topoi.pooq.com wrote:

> On Fri, Oct 30, 2009 at 09:16:39PM -0500, Josh Trutwin wrote:
> > I'm not an expert at book-keeping so curious how others deal with
> > this.
> > 
> > I invoiced someone for $250 of work - they decided to paid me via
> > Paypal which took out there $13.00 or something so the money I
> > transferred from Paypal to my checking account was less than my
> > invoice amount.  
> > 
> > I'm not sure how best to deal with this - just mark the invoice
> > paid even though the deposit amount doesn't equal the amount in
> > Accounts Receivable - or add a "Paypal Fees" account and deduct
> > that somehow?
> > 
> > Thanks for any pointers.
> 
> Someone I dealt with insisted I add the paypal fee to anything I
> paid her.  (actually slightly more. to account for the paypal fee
> on the paypal fee.....)

Thanks for the replies everyone - I'll check into them.  FWIW - I
didn't know that the client was going to be paying with Paypal when
invoice was created.  They tried to pay by check first and it wound
up bouncing so I also have a bank fee there to deal with too...

Josh