How to record transactions with PayPal fees?

[Derek Atkins]

David McReynolds <david.mcreynolds at gmail.com> writes:

> Probably been asked 1000 times. I would search the archives, but when I
> click that link the page is totally jacked up.
>
> I'm selling an item let say for $10.00 on ebay and when the buyer pays the
> $10.00 paypal takes $0.65.
>
> I was creating an invoice for the sold item, $10.00. I'd like to use split
> transactions to keep all the related transactions together, but I'm running
> around in circles and I cannot get things to balance.

How does Paypal choose the amount they take?  If it is a percentage then
you can just set up a tax table that you can apply in your invoice.  If,
however, it's from some "table" then it'll be more complicated than
that.

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-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
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