Offset

[cytw]

Just need some advise, for instance, I have received a payment of a customer for "invoice no. ABC01" which is valued at $1000.

 

However, there is also a charge from customer to me, at $100 for instance and a bank charge of $20, so in actuality, I receive $1980 for the payment.

 

How do I record it in the payment that :

$100 was used to offset customer's invoice to me.

$20 was bank charges

 

I really wish to get the customer's outstanding to zero to avoid confusion after payment.

 

Thanks.

[Teri]

You could make a discount on the customer's invoice for the $100 and the $20 - you can list in the description what each was for.

 

Or you could make separate payments toward the invoice of the $100 and the $20, listing the payment method as "other" or creating a category in your payment list for them.

 

It depends how you want to do your bookkeeping.