[GNC] Process Payment and convenience fees

[Adrien Monteleone]

Where to record the expense is likely a personal preference. Talk to your CPA if you have concerns, especially if you’re itemizing deductions and calculating percentages for a home business.

While you can edit the transaction in the A/P (and A/R) register, just to be safe, I always use the other register. So in this case, the credit card register. (you can always use the ‘jump’ feature to save some time getting there if needed)

It is safe to edit the main split, in this case, the credit card amount to reflect its actual total. I do this frequently with no issues.

If you edit the individual payments that are posted against A/P then you’ll have to edit the payment (right-click menu) and re-apply them.

Regards,
Adrien

> On Aug 27, 2018, at 9:22 AM, Justin H Haynes <justin at justinhaynes.com> wrote:
> 
> 
> 
>> On Aug 27, 2018, at 3:54 AM, elvis <elvis at dogonfire.com> wrote:
>> 
>> On 27/08/18 03:16, Justin H Haynes wrote:
>>> I have two invoices to pay to a utility company.  Let’s say the amounts of the invoices are $200 and $300 for a total of $500.  I have paid $600, so the payment correctly is applied to those two invoices, and $100 to the Accounts Payable account.  I can see the three transactions in Account payable.  Actually 3 splits - 1 for each of the amounts of the 2 invoices, and 1 for the remainder, then on the other side of the transaction the $600 from Liabilities:Credit Card.
>>> 
>>> However, there was a convenience fee charged by the payment processor for the city utilities.  So, the amount charged to my credit card was $603.49.
>>> 
>>> Will the best way to deal with this be to edit the split from the Liabilities:Credit Card register to add a split for 3.49 to Expenses:Fees?
>> 
>> If it a fee that is incurred solely for paying the bill then it is part of your utility bill.
> 
> In this case, I suppose I could create a separate bill with only the convenience of $3.49 and include that as one of the bills I pay with he 603.49 payment, since that fee appears on no written statement I have received.
> 
> 
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