how to deal with paypal fees
turgon at mike-leone.com
Mon Nov 2 11:16:19 EST 2009
> 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...
Hmmm ... not a good sign. :-)
To me, a PayPal fee is a bank servicing fee, which should be entered
as an expense. Even if you add a charge to the client to cover the
amount, you'll always have to post the PayPal fee as an expense (which
means a split transaction entry).
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