Paypal transaction split confusion

[trythis]

After some more attempts...Probably the better way to do this is to pay the
invoice from the invoice page (a novel approach ;-), by clickng pay invoice,
select the paypal asset account, enter the correct portion of the payment
and the the date.   After that, find the transaction in paypal and add the
bank fee split to the transaction.  

I feature suggestion: make an addition to the pay invoice page.   Add an
additional box that can be a bank transfer fee with an account choice box. 
This would work for paypal, square or foreign transaction fees.

Anyways, thanks!



trythis wrote
> 
> Wm... wrote
>> On Sat, 16 Apr 2016 06:09:22 -0700 (PDT), in
>> gmane.comp.gnome.apps.gnucash.user, trythis <

>> grahamlane@

>> > wrote:
>> 
>>> I am trying to make my paypal income work with the transaction fees is
>>> one
>>> transaction with a split.  I am doing books for a no profit so the fees
>>> need
>>> to be subtracted connected to the donations, at least I think so, I am
>>> not a
>>> pro.
>>> 
>>> Assets:Paypal [Increase $5.00]
>>> Income:event [decrease $4.59]
>>> expense:bank fees [decrease $0.41]
>>> 
>>> The balance for paypal is still $5.00 because its not deducting $0.41
>>> from
>>> the paypal account, obviously.
>>> 
>>> How do I do this without creating a separate transaction for each fee?  
>> 
>> It isn't clear to me what has actually happened here.
>> 
>> If you have 5 in your paypal account then that that may be made up of
>> Income:Event  4.59
>> plus
>> Income:BankFees .41
>> 
>> You say you are a non-profit, have the bank fees actually been paid by
>> the
>> person making the donation?  If so the BankFees are Income (an Expense
>> you
>> didn't have to pay) for your org.  The bank fees are an Expense of the
>> the
>> donor and Income for PayPal really, you're just recording it.
>> 
>> I am not sure...
>> 
>> They think they are giving us $5.00, 12 times a year but either the non
>> profit org (NPO) is losing 0.41 or the the donor is but the paypal
>> statment shows the $5 and 0.41so I am guessing I need to show that in the
>> event that the donor asks for a receipt for tax deduction purposes. I
>> need to show for all of 2015 that they paid $60 in donations, and that
>> $4.92 went to transaction fees. This makes me think I must record it as
>> an expense.  How do I put that on the invoice?  Or do I have to make a
>> separate transaction in the Asset:Paypal ledger each time someone makes a
>> payment to us on Paypal or Square. If we took credit card payments the
>> process needs to be the same.  When a for profit sells something, they
>> don't show the customer the transaction fee, it doesnt matter to them but
>> I dont know if that is the same for an NPO.
>> 
>> 





--
View this message in context: http://gnucash.1415818.n4.nabble.com/Paypal-transaction-split-confusion-tp4684294p4684315.html
Sent from the GnuCash - User mailing list archive at Nabble.com.