Paypal transaction split confusion

[trythis]

I haven't begun looking at adding the Square transactions which will have a
different rate for fees.  
entering the transactions as invoices first is the fastest.  Once the
transaction is in the paypal account, its easy to add the split for the bank
fee.  If I dont click on another account expense:bank fee is already
highlighted so I dont have to search it out or I can just use the account
code.

The only downside is that all of this renders qif or aqbanking useless
unless there is a way to generate an invoice within that.  (surely not,
since its backwards to use invoices on pre-payed pledged contributions.)

I wish I was a programmer, I would love to build a pledge income system. 
Instead of invoices, it would be for pledge receipts and work exactly like
the invoice structure.

Derek Atkins wrote
>>
>> I think I have it figured out>
>>
>> IN the paypal account the split reads:
>>
>> Assets:paypal 4.59 increase
>> Expenses:bankfees* 0.41 increase
>> temp account**: 5.00 decrease
>>
>> Then I apply the payment to an invoice, and this is what solved the
>> problem;
>> you can change the amount paid when selecting the customer and accounts
>> payable account.  I changed it to $5.00 and poof, invoice works right,
>> accounts payable works.
>>
>> The account Income:project:X increases $5.00, paypal account is increased
>> by
>> $4.59, and bank fees are increased by 0.41.  I can put the bank fees in a 
>> sub account like Expenses:bank fees:project:X or Expenses:Project:X:bank
>> fees  Either way is useful for reports.
>>
>> *the goes to imbalance and I have to return it to a bank fee after
>> processing the payment.
>> **This gets rewritten anyway  and converts to accounts receivable through
>> the invoice system then the income account increases from accounts
>> receivable.   
>>
>> This is a very complicated way to show that we received $5 but I can't
>> see
>> anyway better.
> 
> What I would recommend, if you insist on using the business features, is
> using a Tax Tables to handle the Paypal fees and then set it to
> "TaxIncluded".  So you would mark it "TaxIncluded" which is similar to
> what you get in Europe, where what you see is what you pay, versus the
> US where the Tax is added on in addition).  This changes the internal
> math from the US-style "Subtotal + Tax = Total" to the Europen style of
> "Total - Tax = Subtotal".
> 
> The hard work is going to be figuring out the proper Tax Table
> configuration to get this to work.  I don't know Paypal's fee structure
> sufficiently, and I do not believe the current tax tables can handle a
> graduated tax structure.
> 
>> Thanks
> 
>> Please remember to CC this list on all your replies.
>> You can do this by using Reply-To-List or Reply-All.
> 
> -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
>        

> warlord@

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