[GNC] Regarding a issue with GNUcash

[Dhanadhya Group]

Yes, I am selling goods and services online.

I was splitting transactions before. But I got a new payment gateway setup
now and due to Covid-19, it'll take a bit longer to get sales. So for
verification of my bank account that payment gateway deposited some amount
and I was confused about what type of account will be my payment gateway.
As of now I made it as a bank account and it's working fine.
Kindly consider the issue resolved.
.
Thank you for helping out.

Dhanadhya Group

On Sat, 18 Jul 2020 at 15:37, Liz Dodd <edodd at billiau.net> wrote:

> 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
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