how to deal with paypal fees

hendrik at topoi.pooq.com hendrik at topoi.pooq.com
Fri Oct 30 22:47:24 EDT 2009


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.....)

-- hendrik.


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