[GNC] Regarding a issue with GNUcash

[Liz Dodd]

On Fri, 17 Jul 2020 18:29:23 +0530
Dhanadhya Group <dhanadhyagroup at gmail.com> wrote:

> Also, I would like to know, where, how and what type of account
> should I create for my payment gateway provider? I am very confused
> about that matter.

I'm guessing here, so let us know if I'm wrong....

I guess that you are selling goods or services online. You are using a
service which collects money from the customers, takes a percentage and
gives you the remainder.


You have two choices, one is to make a split of every receipt where all
the money in a transaction is noted in your sales accounts, and then on
the other side of the ledger, part goes to your banking account and
part goes to expenses related to the sale. That would work if the
percentage is the same all the time.

If the percentage alters according to your sales volume it might be
easier to receipt all the money into a another account. Then from the
account you would take out what was yours, and what the monthly or
weekly total for the expenses related to the sales.

You should also speak to your accountant so that your books are set up
correctly for the tax accounting in your country.

Liz