Underpaid invoice

Antonio Roberts antonio at hellocatfood.com
Sun Oct 4 18:45:44 EDT 2015


Hi Maf,

Thanks for the advice. Splitting it into bank fees seems like the best
way to do it.

Thanks

Antonio

On 3 October 2015 at 14:47, Maf. King <maf at chilwell.net> wrote:
> On Sat 3 October 15 14:30:07 Antonio Roberts wrote:
>> I recently invoiced a company for £450. Due to exchange rates the
>> amount I actually got was only £390. In gnuccash, when I go to process
>> the invoice I enter £390 as the payment amount. However, When I do
>> this it's still alerting me that they owe £60.
>>
>> I'll be sure in the future to make sure this company pays the correct
>> amount, but in the meantime is there a way to write off the £60 that
>> was lost due to exchange rates?
>>
>> Thanks,
>>
>> Antonio
>
> Hi Antonio,
>
> Firstly IANAA, so this may not be the "approved" way to handle this, but I've
> done it this way when the bank split the international transfer fee between my
> customer & me, so I wrote of the missing few £.
>
> Process payment for the whole invoice - so £450 in your case. (delete any
> initial payment transaction you have made first)
>
> Then go to the payment transaction in the bank account, and split it so that
> you have £450 to A/R, £390 to Bank and £60 going to some 3rd account -
> possibly expenses:badDebt (I think i used expenses:bankFees), and use the memo
> field to put some notes in about the currency conversion giving rise to the
> loss.
>
> HTH,
> Maf.
>
>
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http://www.hellocatfood.com
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